The history of sports gambling in the usa dates back on the occasions when the founders took risks. Back then 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 within their veins as their ancestors gambled for generations. As a result “sports betting” was a normal part and parcel of the early American culture.
Today it is obvious that sports betting activities are definitely the rage all over the world. With all the simplicity of online sports betting, it has made the sport all the more convenient and cheaper. Though in the past the sports betting segment was small, today it has permeated almost every facet of society.
Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mainly by way of the upper class. But horse tracks began to appear after the Civil War and very quickly gamblers from all sectors of society flocked to those racing establishments. Bookies had a hold over 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 increase their attractiveness when there was a lot of money on a particular horse. By 1920s horse racing had reached the summit with over 300 racetracks throughout the US.
Professional baseball gained popularity 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 an adverse view of sports bettors. Though gambling was illegal a lot of people regarded sports gambling as a harmless victimless crime. College football games and basketball also gained popularity with bettors as baseball and boxing. Pool cards were extremely popular although the odds of these cards were in the bookies favor.
In the majority of US cities, sports gambling activities were transforming into a section of life and many youngsters were being exposed to the sports betting industry in a very young age. Some professionals 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 three decades.
Established in 1930 this company set lines in sports events and dispersed them to bookmakers in the nation through the telegraph or telephone He also published sports information which helped bookies produce better lines and gamblers make smarter 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 1931 and also the states financial situation which had been in dire straits at that time, transformed drastically. Legalized boxing and sports gambling activities made it a hot spot for tourists and this changed its economic condition for the better.
A resolution was passed in 1951 by the Congress that charged a 10% tax on every sports bet. New regulations permitted 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 major element of sports gambling and ushered in the technology that revolutionized sports gambling.