The historical past of sports gambling in the US dates back to the occasions when the founders took risks. In the past bettors bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that landed 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 normal part and parcel of the early American culture.
Today it is obvious that sports betting activities are definitely the craze all over the world. With all the simplicity of on-line sports betting, it has made the activity all the more convenient and cheaper. Though in the past the sports betting segment was small, today it’s permeated almost every element of society.
Horse racing was popular from the 19th and early 20th Centuries and was appreciated mainly by the upper class. But horse tracks started to appear after the Civil War and soon 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 enhanced the betting handle. Bookies would lower the odds on other horses to increase their attractiveness when there seemed to be big money on a particular horse. By 1920s horse racing had reached a peak with more than 300 racetracks all over the US.
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 acquired an adverse view of sports bettors. Although gambling was against the law most people considered sports gambling to be a harmless victimless crime. College football 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 being exposed to the sports betting industry at a very early age. Some experts 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 three decades.
Established in 1930 the corporation set lines in sports events and distributed them to bookmakers in the nation via the telegraph or telephone He also printed sports information that helped bookies produce better lines and gamblers make smarter decisions. The publication that was most widely used was The Green Sheet. He was legitimate even though 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, changed 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 the Congress that imposed 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 occasionally called “sawdust” rooms. In 1980s Roxborough became a major part of sports gambling and brought in the technology that revolutionized sports gambling.