The historical past of sports gambling in the US extends back to the occasions when the founders took risks. Back then bettors 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 in their veins because their ancestors gambled for generations. Therefore “sports betting” was a natural part and parcel of the early American culture.
Today there’s no question that sports betting activities are definitely the rage all over the world. With all the simplicity of on-line sports betting, it’s made the activity much more convenient and cheaper. Though in the past the sports betting section was small, today it’s permeated almost every element of society.
Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mostly by way of the upper class. But horse tracks started to appear after the Civil War and soon 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 increase their attractiveness when there was a lot of money for a particular horse. By 1920s horse racing had reached a summit with more than 300 racetracks all over the US.
Professional baseball gained popularity 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 illegal 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 even though the odds of these cards were in the bookies favor.
In most US cities, sports gambling activities were transforming into a section of life and most youngsters were coming in contact with the sports betting industry at a very early 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 the corporation set lines in sports events and distributed those to bookmakers in the nation via the telegraph or telephone He also published sports information which helped bookies produce better lines and gamblers make smarter decisions. The publication that was most widely used was The Green Sheet. He was legitimate despite the fact that his clients were illegal bookies.
Sports gambling was finally legalized in Nevada in the year 1931 and also the states finances which had been in dire straits during those times, transformed drastically. Legalized boxing and sports gambling activities made it 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 charged 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.