The historical past of sports gambling in the US dates back on the occasions when the founders took risks. In the past gamblers 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 because their ancestors gambled for generations. Therefore “sports betting” was obviously a normal part and parcel of the early American culture.
Today there’s no question that sports betting activities are definitely the craze all over the world. With all the ease of on-line sports betting, it has made the activity much more convenient and cheaper. Though in the past the sports betting section was small, today it has permeated virtually every facet of society.
Horse racing was popular in the 19th and early 20th Centuries and was appreciated mostly by the upper class. But horse tracks started to appear after the Civil War and very quickly 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 increased the betting handle. Bookies would reduce the odds on other horses to increase their attractiveness when there was big money on a particular horse. By 1920s horse racing had reached a summit with over 300 racetracks all over the US.
Professional baseball became popular from the late 1800s and “pool cards” came into use. The “Black Sox Scanal” which was “fixed” rocked the united states and the public received an adverse view of sports bettors. Although gambling was illegal a lot of people considered sports gambling to be 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 transforming into a section of life and most youngsters were being exposed to 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 three decades.
Established in 1930 this company set lines in sports events and distributed those to bookmakers within the nation through the telegraph or telephone He also printed sports information which helped bookies produce better lines and gamblers make better decisions. The publication that was most popular was The Green Sheet. He was legitimate even though his clients were illegal bookies.
Sports gambling was ultimately legalized in Nevada in the year 1931 and also the states financial situation which was 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 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 first 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 completely changed sports gambling.