The history of sports gambling in the usa dates 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 US from Europe and England specifically had betting within their veins because their ancestors gambled for generations. Therefore “sports betting” was obviously a natural part and parcel of the early American culture.
Today there’s no question that sports betting activities are definitely the rage around the globe. With all the simplicity of online sports betting, it has made the sport much more convenient and cheaper. Though previously the sports betting segment was small, today it has permeated virtually every element of society.
Horse racing was popular from the 19th and early 20th Centuries and was appreciated mostly by the upper class. But horse tracks began to appear following the Civil War and very quickly gamblers coming from all sectors of society flocked to these 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 throughout the US.
Professional baseball gained popularity 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. Although gambling was illegal a lot of people considered sports gambling to be 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 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 many youngsters were coming in contact with the sports betting industry at a very young 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 nearly 30 years.
Established in 1930 this company set lines in sports events and dispersed them to bookmakers within the nation via the telegraph or telephone He also published sports information which helped bookies produce better lines and gamblers make better decisions. The publication that had been most widely used was The Green Sheet. He was legitimate even though his clients were illegal bookies.
Sports gambling was ultimately legalized in Nevada in 1931 and also the states finances which was in dire straits during those times, 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 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a major part of sports gambling and ushered in the technology that completely changed sports gambling.