Ever since the sport started in the USA, people were compelled to bet on appropriate results. For instance, the founders of the USA were risk takers, and that is the main attraction that could lead us toward success.
Back in the day, people bet on anything from bare-knuckle brawls to cockfight and horse races. Have in mind that colonist from England had gambling in their blood for generations, and the urge for high profit, as the part of entertainment and leisure.
Every single time you hear about the sport, there is someone who placed a bet on it, and that is the fact. We recommend you to check out this link: sportsanalyticssimulator.com/ncaaf-picks-record so that you can learn the best NFL picks that will help you obtain winning streak.
Nowadays, betting on sports entered the point of immersive popularity. Only Nevada took more than two billion dollars in betting through 150 sports books in the state, and that is a small percentage of the money worldwide.
For instance, back in 2003, ESPN magazine article stated that sports betting industry takes approximately $63 billion on an annual basis, and the estimations also indicate that one in every four Americans bet on sporting events at least once a year, while 15% bets on sport regularly.
We can consider numerous factors that contributed to the growth and popularity of sports betting over the years. One of the most significant facts is that you cannot ban or forbid it, so it is here to stay.
It is more likely that it will expand in the future and we can only wait for the right moment when the federal government will allow it in the whole country.
When it comes to sports betting, we have to start by saying that horse racing was the most popular sport throughout the 19th century and it stepped into the 20th century as well.
During its initial stages, racing was a sport that was wagered and enjoyed by almost anyone in the upper class.
However, after the Civil War, the horse began to enter the eastern landscapes, and most bettors stopped due to economic factors.
Even though it was short lived because bettors were out of luck, the bookies were considered as professionals similarly as in any other industry. They noticed and realized that odds on individual horses would increase betting handle.
Therefore, when there was plenty of money on one horse, the bookmaker would decide to lower the odds so that he can increase the attractiveness of other horses in the race. That is the same format we’re using today, even though horse betting has decreased in popularity after World War II.
During the 1920 racing reached its peak and there were more than 300 racetracks all across the USA as well as betting facilities that were connected through telegraph wires. That way, locals could place bets on horses all across the country.
College Football and NFL
More people got interested in sports betting during the Golden Era of games, when college basketball and football gained huge following and popularity with bettors, similarly as baseball and boxing.
The favorite options of many bettors were pool cards because they promise of riches especially during the Great Depression, and football pool cards became as popular as baseball cards, but bettors faced challenges of picking the best winning combination.
The only way to win money is to win a combination of five or more games with the hope of a significant payday. Similarly, like baseball cards, the odds for football cards were in bookie’s favor.
Even though it was an absolute robbery, there was nothing better on the market. For instance, the odds for a ten team were 100-1 and ties would lead to the lost card. The idea of playing was based on risk and danger, as well as massive payoff if someone would get lucky.
Therefore, we can easily say that things changed when the invention of point spread entered the market. Bettors wanted to wager on an individual game so that they can get more money. All these things and factors paved a way towards sports betting we have today.