The history of sports betting in the usa dates back on the times 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 US from Europe and England in particular had betting in their veins as their ancestors gambled for generations. As a result “sports betting” was a natural part and parcel of the early American culture.
Today it is obvious that sports betting activities are definitely the rage around the globe. With all the simplicity of online sports betting, it has made the activity much more convenient and cheaper. Though in the past the sports betting section was small, today it’s permeated virtually every element 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 began to appear after 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 enhanced the betting handle. Bookies would lower the odds on other horses to increase their attractiveness when there was a lot of money for a particular horse. By 1920s horse racing had reached a summit with over 300 racetracks throughout 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 received an adverse view of sports bettors. Although gambling was illegal a lot of people considered sports gambling as a harmless victimless crime. College football 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 most US cities, sports gambling activities were becoming a part of life and most youngsters were coming in contact with the sports betting industry in 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 three decades.
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 smarter decisions. The publication that was most widely used was The Green Sheet. He was legitimate despite the fact that his customers were illegal bookies.
Sports gambling was finally legalized in Nevada in the year 1931 and also the states financial situation which had been in dire straits at that time, changed 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 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 major element of sports gambling and brought in the technology that revolutionized sports gambling.