The historical past of sports betting in the usa 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 arrived in the united states from Europe and England specifically had betting in their veins because their ancestors gambled for generations. Therefore “sports betting” was obviously a natural part and parcel of the early American culture.
Today it is obvious that sports betting activities are the rage all over the world. With all the ease of online sports betting, it’s made the activity much more convenient and cheaper. Though previously the sports betting section was small, today it has permeated almost every element of society.
Horse racing was popular in the 19th and early 20th Centuries and was appreciated mainly by the upper class. But horse tracks began to appear following the Civil War and soon gamblers coming 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 reduce 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 more than 300 racetracks throughout the US.
Professional baseball became popular in 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 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 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 most youngsters were coming in contact with 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 nearly 30 years.
Established in 1930 this company set lines in sports events and dispersed those to bookmakers within the nation through 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 despite the fact that his customers were illegal bookies.
Sports gambling was finally legalized in Nevada in the year 1931 and the states financial situation which had been in dire straits during those times, changed drastically. Legalized boxing and sports gambling activities caused it to be 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 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 part of sports gambling and ushered in the technology that completely changed sports gambling.