History of sports gambling

The history of sports betting in the US extends back on the occasions when the founders took risks. Back then gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England specifically had betting within their veins as their ancestors gambled for generations. As a result “sports betting” was obviously a normal 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 all the ease of online sports betting, it’s made the activity all the more convenient and cheaper. Though previously the sports betting segment 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 the upper class. But horse tracks started to appear after the Civil War and very quickly gamblers from all sectors of society flocked to these racing establishments. Bookies had a hold on the gambling population and they were setting odds on horses that enhanced the betting handle. Bookies would lower the odds on other horses to enhance their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached a peak 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 US and the public received a negative view of sports bettors. Although gambling was against the law most people regarded 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 many youngsters were coming in contact with the sports betting industry in a very early age. Some experts have said, “Sports gambling was getting more popular than hot dogs!” 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 through the telegraph or telephone He also published sports information that helped bookies produce better lines and gamblers make better decisions. The publication that had been 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 finances which had been in dire straits during those times, transformed drastically. 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 allowed the bookies to come out of the dark and work openly. Turf clubs were the first legal sports books in Nevada and they were occasionally called “sawdust” rooms. In 1980s Roxborough became a significant part of sports gambling and brought in the technology that revolutionized sports gambling.