The historical past of sports betting in the US extends 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 with the early American culture.
Today it is obvious that sports betting activities are the craze all over the world. 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 has permeated almost every facet of society.
Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by way of the upper class. But horse tracks began 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 enhance their attractiveness when there was a lot of money for a particular horse. By 1920s horse racing had reached the peak with more than 300 racetracks throughout the US.
Professional baseball became popular from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which had been “fixed” rocked the US and the public received an adverse view of sports bettors. Though gambling was against the law a lot of people regarded 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 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 young 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 this company set lines in sports events and distributed 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 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 ultimately legalized in Nevada in 1931 and the states financial situation which had been in dire straits during those times, 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 imposed 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 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 completely changed sports gambling.