Brief History Of Sports Betting – National Sports Monitor
Throughout the entire sports history, people have placed their wagers. In fact, the first record of such activity is 2,000 years old. Sports betting is a combination of two exciting human pastimes – sports competitions and gambling, which explains its immense global popularity.
Today, it is a part of the online gambling industry. Whereas our grandparents would visit an actual betting shop, we can place wagers over the internet, connecting to sports bookmakers or online casinos based anywhere in the world. To gain some insights into the workings of the industry, check out NZ Online Casino Reviews. Nowadays, online gambling is a business with enormous revenues, and it attracts millions of users around the globe. However, how exactly did sports betting evolve over the centuries?
The Dawn Of Betting
The Greeks were famous for many things, including their strong passion for athletics. The first Olympics games are associated with the earliest cases of betting. When ancient Rome took over, it welcomed the pastime. Romans loved betting on gladiator games, and the empire contributed to the spread of gambling to other parts of the world.
In the Middle Ages, religious leaders sought to forbid the practices, which only forced bookmakers underground but failed to stifle the growth of the industry. Later, gambling gained popularity in England, where it existed in the form of horse race betting. From the UK, it spread to the USA, where it quickly attracted a wide audience.
In the 1950s, sports betting was first allowed in Las Vegas, and it required visiting a land-based casino. Today, sports books on the sin city handle billions of US dollars annually. However, it is only a fraction of the total amount bet in the country. Much more goes to illegal operators like local bookies or offshore bookmakers.
The factor that spurred skyrocketing growth was the internet. In the past, a better would need to place the wager in person. Today, you do so remotely, using any device with internet access. The sports most betted on are soccer and American football, followed by basketball and baseball. Online bookmakers are found in almost any country, even if their activities are illegal (in which case they select jurisdictions that make prosecution complicated). Today, there are many Internet-based sports books with solid track records and a safe betting experience.
Gambling is still expanding. It is a multi-billion global business which has maintained and boosted its popularity. This is especially true for Europe, which is the biggest sports betting market. The addition of new types of sports, such as soccer and American football, to the betting options, has contributed to the rise. In fact, some of the sports people wager on today are only a few centuries old.
Nowadays, you can place bets on just about any sport there is, and do so from the comfort of your home – or your couch, while watching the events on television. The internet has made betting accessible as never before. The growth of the industry is unlikely to slow down.