The history of sports betting in the US extends back to the occasions when the founders took risks. Back then gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed in the united states from Europe and England in particular had betting in their veins because their ancestors gambled for generations. Therefore “sports betting” was obviously a normal part and parcel of the early American culture.
Today it is obvious that sports betting activities are the rage around the globe. With all the simplicity 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 mostly by way of the upper class. But horse tracks started to appear after the Civil War and very quickly gamblers from all sectors of society flocked to these racing establishments. Bookies had a hold on the gambling population and in addition they were setting odds on horses that increased the betting handle. Bookies would lower the odds on other horses to enhance their attractiveness when there was a lot of money on a particular horse. By 1920s horse racing had reached the peak with more than 300 racetracks all over the US.
Professional baseball became popular in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the US and the public acquired an adverse view of sports bettors. Although gambling was against the law a lot of people regarded 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 even though 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 young age. Some experts have said, “Sports gambling was getting more popular than hotdogs!” Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for almost 30 years.
Established in 1930 this company set lines in sports events and dispersed those to bookmakers in the nation via the telegraph or telephone He also printed sports information which helped bookies produce better lines and gamblers make better decisions. The publication that was most popular was The Green Sheet. He was legitimate even though his customers were illegal bookies.
Sports gambling was finally legalized in Nevada in the year 1931 and the states finances which had been 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 altered 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 initial legal sports books in Nevada and they were occasionally called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and brought in the technology that completely changed sports gambling.