The history of sports gambling in the US extends back to the times 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 within their veins because their ancestors gambled for generations. As a result “sports betting” was a natural part and parcel of the early American culture online gambling.
Today there’s no question that sports betting activities are definitely the craze all over the world. 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’s permeated virtually every facet of society.
Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mostly by the upper class. But horse tracks began to appear after the Civil War and very quickly gamblers coming from all sectors of society flocked to these racing establishments. Bookies had a hold over the gambling population and they were setting odds on horses that enhanced 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 was “fixed” rocked the united states and the public received an adverse view of sports bettors. Though gambling was illegal a lot of people considered sports gambling to be a harmless victimless crime. College football and basketball also became popular with bettors as baseball and boxing. Pool cards were extremely popular although the odds of these cards were in the bookies favor.
In most US cities, sports gambling activities were becoming a part of life and many youngsters were being exposed to the sports betting industry in a very young 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 almost three decades.
Established in 1930 the corporation set lines in sports events and distributed them to bookmakers in the nation via the telegraph or telephone He also printed sports information which helped bookies produce better lines and gamblers make smarter decisions. The publication that was most widely used was The Green Sheet. He was legitimate despite the fact that 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 during those times, changed significantly. Legalized boxing and sports gambling activities made it a hot spot for tourists and this also changed its economic condition for the better full report.
A resolution was passed in 1951 by the Congress that charged 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 sometimes called “sawdust” rooms. In 1980s Roxborough became a major part of sports gambling and brought in the technology that completely changed sports gambling.