The historical past of sports betting in the usa extends back on 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 specifically had betting within their veins because 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 the ease of on-line sports betting, it’s made the activity much more convenient and cheaper. Though in the past the sports betting segment was small, today it has permeated virtually every facet 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 following the Civil War and very quickly gamblers coming 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 increase their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached a summit 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 united states and the public acquired a negative 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 as popular as ever 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 at a very early 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 30 years.
Established in 1930 the corporation set lines in sports events and dispersed those to bookmakers in the nation through the telegraph or telephone He also printed sports information that 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 clients were illegal bookies.
Sports gambling was finally legalized in Nevada in 1931 and the states financial situation which was 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 changed 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 sometimes called “sawdust” rooms. In 1980s Roxborough became a major element of sports gambling and brought in the technology that revolutionized sports gambling.