Exactly what started betting on sports

To understand what started betting on sports one has to first examine the historical past of sports gambling in the US. The USA has a long history of allowing certain types of legal gambling and even illegal betting to some extent. Political control and scandals regarding gaming interests have ended in selected backlashes that have resulted in prohibition or regulation of sports gambling. Standards and laws relating to sports gambling have kept altering.

Nelson Rose describes these changes in law as three waves. The first wave was in the colonial era that lasted till the mid 1800s, the 2nd wave started following the Civil War and lasted till the early Twentieth century and the third wave commenced during the Great Depression and is still continuing.

Throughout the Colonial Era, diverse attitudes were enforced towards gambling. Puritan attitudes were adopted towards gambling and possession of dice, cards, gaming tables etc were banned. Later on it had been allowed so long as it wasn’t a calling or trade but for moderate and innocent recreation. Settlers brought along with them views that said gambling was merely a harmless past time. The frontier spirit encouraged the appeal of gambling since it involved high risk, high expectations and opportunism. arbitrage betting limit

Ultimately all colonies used lotteries as a solution out of financial problems as well as help the colonies. It became a civic responsibility and profits were used to establish a number of the first prestigious universities, build churches and even libraries. Lotteries continued to be popular right to the early 19th Century. Horse racing was also preferred and the Long Island built the first race track in 1665. Casino gaming started to emerge slowly as roadhouses and taverns started to permit card games and dice.

The Lower Mississippi Valley became a structured and legitimate gambling area in 1800s. The grand river with its riverboats was a major trade avenue for both wealthy merchants and farmers. New Orleans soon gained recognition as being the gambling capital. During the 1830s southern settlers turned against professional gamblers who had been held responsible for committing crimes, debasing morals of society and endangering streets. During 1800s there was increasing attack of gambling especially lotteries and whenever operators absconded with the proceeds lottery scandals finally led to prohibition of gambling.

The Gold Rush in California triggered a tremendous surge in the types of gambling and San Francisco became the new gambling capital in the USA. During 1849 and 1855 gambling spread widely and by 1850 California and lots of cities had licensed gambling centers. But soon the Legislature made most forms of gambling illegal and a number of professional gamblers were lynched. This prohibition drove wagering activities underground and did not eliminate it. Gambling was legal during 1869-1910 in Nevada.

It is possible to now understand what started gambling on sports in the US. With the numerous scandals in the lottery gambling segments, 35 states in America including California prohibited lotteries. In 1933 pari-mutuel betting was legalized and new automated systems and laws made horse racing betting more straightforward. In 1978 casino gambling was legalized by New Jersey and Atlantic City was a popular tourist destination. Despite its illegality sports gambling became quite popular and today is a high dollar industry.