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    History of sports wagering


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    The historical past of sports gambling in the US extends back on the times when the founders took risks. Back then gamblers bet on cockfights, makeshift horse races and bare fist fights. Colonists and Pioneers that arrived in the united states from Europe and England specifically had betting within their veins because their ancestors gambled for generations. Therefore "sports betting" was a normal part and parcel of the early American culture.

    Today there's no question that sports betting activities are the craze around the globe. With all the ease of online sports betting, it's made the activity much more convenient and cheaper. Though previously the sports betting segment was small, today it has permeated almost every facet of society.

    Horse racing was popular in the 19th and early 20th Centuries and was appreciated mostly by way of the upper class. But horse tracks started to appear following 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 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 a lot of money on a particular horse. By 1920s horse racing had reached the summit with more than 300 racetracks throughout 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 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 and basketball also gained popularity with bettors as baseball and boxing. Pool cards were extremely popular although the odds of these cards were in the bookies favor.

    In the majority of US cities, sports gambling activities were becoming a part of life and most youngsters were being exposed to the sports betting industry in a very young age. Some experts have said, "Sports gambling was getting more popular than hotdogs!" Soon Leo Hirschfield started Athletic Publications that became the sports betting world standard for almost three decades.

    Established in 1930 this company set lines in sports events and dispersed those to bookmakers in the nation via the telegraph or telephone He also published sports information that helped bookies produce better lines and gamblers make better 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 ultimately legalized in Nevada in 1931 and also the states finances which was in dire straits at that time, transformed significantly. Legalized boxing and sports gambling activities caused it to be 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 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 brought in the technology that revolutionized sports gambling.