History of sports gambling

The history of sports gambling in the US dates 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 landed in the US 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 of the early American culture.

Today it is obvious that sports betting activities are the rage all over the world. With the simplicity of on-line sports betting, it’s made the sport much more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated almost every element of society. how to read sport betting lines

Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by the upper class. But horse tracks began to appear following the Civil War and very quickly gamblers from all sectors of society flocked to those racing establishments. Bookies had a hold on the gambling population and they were setting odds on horses that increased the betting handle. Bookies would lower the odds on other horses to enhance their attractiveness when there was big money for a particular horse. By 1920s horse racing had reached the summit with over 300 racetracks throughout the US. new jersey sport betting

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. Though gambling was against the law most people regarded sports gambling as a harmless victimless crime. College football games and basketball also gained popularity 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 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 in 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 almost 30 years.

Established in 1930 the corporation set lines in sports events and dispersed them to bookmakers in the nation through the telegraph or telephone He also published sports information which helped bookies produce better lines and gamblers make better decisions. The publication that was most widely used was The Green Sheet. He was legitimate even though his customers were illegal bookies.

Sports gambling was finally legalized in Nevada in 1931 and also the states financial situation which was in dire straits at that time, changed drastically. Legalized boxing and sports gambling activities made it 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 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 first legal sports books in Nevada and they were sometimes called “sawdust” rooms. In 1980s Roxborough became a significant part of sports gambling and ushered in the technology that revolutionized sports gambling.