The history of sports gambling in the usa extends back on the times when the founders took risks. In the past 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. 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 rage around the globe. With the ease of on-line sports betting, it’s made the activity all the more convenient and cheaper. Though in the past the sports betting segment was small, today it has permeated almost every element of society.
Horse racing was popular from the 19th and early 20th Centuries and was enjoyed mostly by the upper class. But horse tracks started to appear after 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 in addition 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 seemed to be big money for a particular horse. By 1920s horse racing had reached a peak with over 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 a negative view of sports bettors. Though 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 extremely popular even though the odds of these cards were in the bookies favor.
In most US cities, sports gambling activities were becoming a section of life and many youngsters were being exposed to the sports betting industry in a very early age. Some professionals 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 30 years.
Established in 1930 the corporation set lines in sports events and dispersed them to bookmakers within the nation via the telegraph or telephone He also printed sports information that 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 the year 1931 and the states finances which had been in dire straits at that time, transformed significantly. Legalized boxing and sports gambling activities caused it to be a hot spot for tourists and this changed 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 sometimes called “sawdust” rooms. In 1980s Roxborough became a significant element of sports gambling and brought in the technology that completely changed sports gambling.