The historical past of sports betting 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 landed in the united states from Europe and England specifically had betting in their veins because their ancestors gambled for generations. Therefore “sports betting” was obviously a natural part and parcel with the early American culture.
Today it is obvious that sports betting activities are the craze around the globe. With 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 virtually every facet of society.
Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mostly by way of the upper class. But horse tracks started to appear after the Civil War and soon gamblers from all sectors of society flocked to those racing establishments. Bookies had a hold over the gambling population and in addition 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 big money on a particular horse. By 1920s horse racing had reached the peak with more than 300 racetracks throughout the US.
Professional baseball gained popularity from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the united states and the public received a negative view of sports bettors. Though gambling was against the law most people regarded 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 even though the odds of these cards were in the bookies favor.
In most US cities, sports gambling activities were transforming into a part of life and many youngsters were coming in contact with 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 within the nation via 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 popular was The Green Sheet. He was legitimate even though his clients were illegal bookies.
Sports gambling was finally legalized in Nevada in the year 1931 and the states finances which was in dire straits during those times, transformed significantly. Legalized boxing and sports gambling activities made it 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a major element of sports gambling and brought in the technology that completely changed sports gambling.