History of sports gambling

The history of sports gambling in the usa extends back on the times when the founders took risks. Back then bettors bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed in the US from Europe and England in particular had betting in their veins because their ancestors gambled for generations. Therefore “sports betting” was obviously a natural part and parcel of the early American culture.

Today it is obvious that sports betting activities are definitely the rage around the globe. With all the ease of on-line sports betting, it’s made the sport much more convenient and cheaper. Though previously the sports betting segment was small, today it’s permeated virtually every element of society.

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by the upper class. But horse tracks began to appear following the Civil War and soon gamblers from all sectors of society flocked to these racing establishments. Bookies had a hold on the gambling population and they were setting odds on horses that increased the betting handle. Bookies would reduce the odds on other horses to enhance their attractiveness when there was big money for a particular horse. By 1920s horse racing had reached a summit with over 300 racetracks throughout the US.

Professional baseball became popular in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the united states and the public received a negative view of sports bettors. Though gambling was illegal most people regarded sports gambling as a harmless victimless crime. College football games and basketball also became popular with bettors as baseball and boxing. Pool cards were as popular as ever although the odds of these cards were in the bookies favor.

In most US cities, sports gambling activities were transforming into a section of life and most youngsters were being exposed to the sports betting industry at a very young age. Some professionals have said, “Sports gambling was getting more popular than hot dogs!” Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for nearly three decades.

Established in 1930 the corporation set lines in sports events and dispersed them to bookmakers in the nation through the telegraph or telephone He also printed sports information that helped bookies produce better lines and gamblers make better decisions. The publication that was most popular was The Green Sheet. He was legitimate despite the fact that his clients were illegal bookies.

Sports gambling was finally legalized in Nevada in the year 1931 and also the states finances which had been in dire straits at that time, changed drastically. Legalized boxing and sports gambling activities made it a hot spot for tourists and this also altered its economic condition for the better.

A resolution was passed in 1951 by the Congress that imposed a 10% tax on every sports bet. New regulations allowed the bookies to come out of the dark and work openly. Turf clubs were the first legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and ushered in the technology that completely changed sports gambling.