The historical past of sports gambling in the usa 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 arrived in the US from Europe and England in particular had betting in their veins because their ancestors gambled for generations. As a result “sports betting” was obviously a natural part and parcel with the early American culture.
Today it is obvious that sports betting activities are the craze around the globe. With all the ease of online sports betting, it’s made the sport all the more convenient and cheaper. Though previously the sports betting section was small, today it’s permeated virtually every facet of society.
Horse racing was popular in the 19th and early 20th Centuries and was enjoyed mainly by the upper class. But horse tracks started to appear following the Civil War and very quickly gamblers coming from all sectors of society flocked to those racing establishments. Bookies had a hold over the gambling population and they were setting odds on horses that increased the betting handle. Bookies would reduce the odds on other horses to enhance their attractiveness when there was big money for a particular horse. By 1920s horse racing had reached the 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 had been “fixed” rocked the US and the public acquired a negative view of sports bettors. Though gambling was illegal most 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 as popular as ever even though the odds of these cards were in the bookies favor.
In most US cities, sports gambling activities were transforming into a part of life and many youngsters were being exposed to the sports betting industry in 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 30 years.
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 that helped bookies produce better lines and gamblers make better decisions. The publication that had been most popular was The Green Sheet. He was legitimate even though his customers 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 at that time, transformed significantly. Legalized boxing and sports gambling activities made it a hot spot for tourists and this also altered its economic condition for the better.
A resolution was passed in 1951 by the Congress that charged 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 significant part of sports gambling and brought in the technology that completely changed sports gambling.