1 A Short History Of Sports Betting
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This is an excerpt from Business of Sports Betting epub, The by Becky Harris, John T. Holden & Gil B. Fried.
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Sports and betting have been carefully linked because the start of arranged competitions. Even ancient civilizations gambled on sports:

- As far back as 4000 to 3000 BC, ancient Egyptians bank on dice, board games, and accomplishments of ability, such as chariot racing and fencing (Bulski, 2020).

  • Betting on sports occurred during the ancient Games, around 800 to 700 BC ("Sports Betting History,” n.d.).
  • In ancient Rome, banking on games and races was commonplace. Though gambling was occasionally banned in ancient Rome, exceptions were produced holidays, on which gambling was accepted. In the same age as the early Olympic Games, Romans wager on chariot races (De Haas, n.d.).

    In 1612, King James revealed the very first lottery game in Britain, an event that would play a critical role in moneying the Jamestown Colony. The lottery game included residents buying tickets, which were then placed inside a barrel or drum, and then a name being chosen. Lotteries played a crucial function in America’s advancement, with many of the nation’s first public structures, colleges, roads, canals, and religious buildings being funded through both public and private lotteries. In 1776, the First Continental Congress began a lottery in the 13 colonies to fund the Revolutionary War (Little, 2019).

    British inhabitants likewise brought a passion for horse racing with them, and the very first racetrack was developed in 1665 on Long Island in New York City. Despite durations of unpopularity, horse racing has actually kept a continuous presence in the United States because a minimum of 1665, an anomaly among regulated forms of gambling (“Horse Racing History,” n.d.).

    The growth of the United States westward saw a rise in gambling activities such as poker and other card games. Illegal betting establishments were often overlooked by authorities, and the goings-on were seen as a lower evil than some of the other activities taken part in throughout that period, such as brawling. Some cities, such as San Francisco, even certified limited types of betting as a way of raising profits (Holden & Edelman, 2020).

    Professor I. Nelson Rose has actually categorized three waves of legalized betting in the United States (Rose, 2010).
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    1787 to Mid-1830s

    - In this period, gaming was largely banned but was permitted to raise profits via lottos or raffles.
  • Lotteries were regularly run by both public and personal companies