The historical past of sports betting in the usa dates back to the occasions when the founders took risks. In the past gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England specifically had betting in their veins because their ancestors gambled for generations. As a result “sports betting” was obviously a natural part and parcel of the early American culture.
Today there’s no question that sports betting activities are the rage all over the world. With all the ease of online sports betting, it has made the sport much more convenient and cheaper. Though in the past the sports betting segment was small, today it has permeated virtually every element of society.
Horse racing was popular from the 19th and early 20th Centuries and was appreciated mainly by way of the upper class. But horse tracks started to appear after the Civil War and very quickly gamblers coming from all sectors of society flocked to those racing establishments. Bookies had a hold over the gambling population and they were setting odds on horses that increased the betting handle. Bookies would lower the odds on other horses to increase their attractiveness when there seemed to be a lot of money on a particular horse. By 1920s horse racing had reached the summit with more than 300 racetracks all over the US.
Professional baseball gained popularity from 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. Although gambling was against the law most people considered sports gambling to be a harmless victimless crime. College football games and basketball also gained popularity 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 becoming a section of life and most youngsters were being exposed to the sports betting industry at a very early age. Some experts 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 30 years.
Established in 1930 the corporation set lines in sports events and distributed them to bookmakers in the nation through the telegraph or telephone He also printed sports information which helped bookies produce better lines and gamblers make better decisions. The publication that had been most widely used was The Green Sheet. He was legitimate despite the fact that his customers were illegal bookies.
Sports gambling was ultimately legalized in Nevada in the year 1931 and the states finances which was in dire straits at that time, changed drastically. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this also changed its economic condition for the better.
A resolution was passed in 1951 by way of 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a significant part of sports gambling and ushered in the technology that revolutionized sports gambling.