The history of sports gambling in the usa dates back to the occasions when the founders took risks. In the past bettors 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 within their veins as their ancestors gambled for generations. As a result “sports betting” was a natural part and parcel with the early American culture.
Today there’s no question that sports betting activities are definitely the craze around the globe. With all the simplicity of online sports betting, it’s made the sport much more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated almost every element of society.
Horse racing was popular in 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 soon gamblers coming 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 reduce the odds on other horses to increase their attractiveness when there seemed to be big money on a particular horse. By 1920s horse racing had reached the peak with over 300 racetracks all over the US.
Professional baseball gained popularity in the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the US and the public received an adverse view of sports bettors. Although gambling was against the law a lot of people regarded sports gambling as a harmless victimless crime. College football 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 most US cities, sports gambling activities were transforming into a section of life and most 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 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 distributed them to bookmakers within the nation through the telegraph or telephone He also published sports information which helped bookies produce better lines and gamblers make better decisions. The publication that was most widely used was The Green Sheet. He was legitimate despite the fact that his clients were illegal bookies.
Sports gambling was finally legalized in Nevada in 1931 and also the states finances which was in dire straits at that time, transformed 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 way of 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a major element of sports gambling and brought in the technology that revolutionized sports gambling.