The historical past of sports gambling in the usa dates back on the occasions when the founders took risks. Back then bettors bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England in particular had betting within their veins as their ancestors gambled for generations. Therefore “sports betting” was a normal part and parcel of the early American culture.
Today it is obvious that sports betting activities are definitely the craze all over the world. With the ease of online sports betting, it has made the sport all the more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated almost every facet of society.
Horse racing was popular from 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 soon gamblers 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 increase their attractiveness when there was a lot of money on a particular horse. By 1920s horse racing had reached a summit with over 300 racetracks all over 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 US and the public received an adverse view of sports bettors. Although gambling was against the law most 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 as popular as ever even though the odds of these cards were in the bookies favor.
In the majority of US cities, sports gambling activities were transforming into a part of life and most 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 nearly 30 years.
Established in 1930 the corporation set lines in sports events and dispersed 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 even though his clients were illegal bookies.
Sports gambling was ultimately legalized in Nevada in 1931 and the states financial situation which was in dire straits at that time, changed significantly. 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 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 significant element of sports gambling and ushered in the technology that completely changed sports gambling.