The historical past of sports betting 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 landed in the united states from Europe and England specifically had betting in their veins as their ancestors gambled for generations. Therefore “sports betting” was a natural part and parcel of the early American culture.
Today there’s no question that sports betting activities are the craze around the globe. With all the simplicity of online sports betting, it has made the sport all the more convenient and cheaper. Though previously the sports betting section was small, today it’s permeated almost every element of society.
Horse racing was popular from the 19th and early 20th Centuries and was appreciated 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 those 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 seemed to be big money on a particular horse. By 1920s horse racing had reached a peak with over 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 a negative view of sports bettors. Although gambling was against the law a lot of 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 the majority of US cities, sports gambling activities were becoming a part of life and most 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 hot dogs!” Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for almost 30 years.
Established in 1930 the corporation set lines in sports events and dispersed 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 popular was The Green Sheet. He was legitimate despite the fact that his clients were illegal bookies.
Sports gambling was ultimately legalized in Nevada in the year 1931 and the states finances which had been in dire straits during those times, transformed drastically. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this 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 permitted 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 brought in the technology that revolutionized sports gambling.