The historical past of sports gambling in the usa dates back on the occasions 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 within their veins because their ancestors gambled for generations. Therefore “sports betting” was obviously a natural part and parcel of the early American culture.
Today it is obvious that sports betting activities are the rage around the globe. With all the ease of online sports betting, it’s made the sport all the more convenient and cheaper. Though in the past the sports betting segment was small, today it’s permeated almost every element of society.
Horse racing was popular in the 19th and early 20th Centuries and was appreciated mostly by the upper class. But horse tracks started to appear after the Civil War and very quickly gamblers from all sectors of society flocked to those racing establishments. Bookies had a hold on the gambling population and 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 a summit with over 300 racetracks throughout the US.
Professional baseball gained popularity from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the united states and the public acquired an adverse view of sports bettors. Though gambling was against the law a lot of people considered sports gambling to be a harmless victimless crime. College football games 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 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 dispersed them to bookmakers within the nation via 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 even though his clients were illegal bookies.
Sports gambling was finally legalized in Nevada in 1931 and also the states financial situation which was in dire straits at that time, 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.
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 sometimes called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and brought in the technology that revolutionized sports gambling.