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Those of us involved with sports betting on a regular basis probably realize that in truth, there was never really any "start" point when folks began betting on sports. It appears pretty natural to place some kind of wager whenever there is a contest between two different sides, whether it is a competition between individuals or between two different teams.
Actually, you'll find records to show that as long as there are already matches between people, on any side, you can find individuals that want to add some excitement to the competition through wagering. From the gladiatorial contests in ancient Rome to foot races on North America's Great Plains, all cultures have put bets involving money or goods once they are watching a competition.
Today, as always, sports betting will be much more sophisticated than those ancient wagers. All over the world, bookmakers both big and small follow many different systems which allow them to make money off of people's penchant for punting. Whether we are talking about professional or amateur leagues, you may bet that you're going to be able to find someone ready to take your wager.
It is important to realize that the story of sports betting will be as much about these "middle men" than it is about the sport one is betting on. Bookies setup their odds based on very complex mathematical formulas, which help them to find out how also they can generate a profit off of people's bets. They do not want too much "action" (money wagered) on one side or another, to prevent losing their profit. As such, they have thought up ways to encourage people to bet on each side.
One of those ways is to offer higher payouts should the team receiving less bets win. People that take the "underdogs" stand to win a whole lot more income per dollar bet than men and women who take the favorites.
Similarly, the point spread is used to encourage betting on both sides of the given match. Both methods permit the sports books to come out of each match with some cash.
The story of sports betting involves not only book makers, but additionally the law. You may be acquainted with the popular image of the bookie; a thug who takes money and also will behave violently when not paid. On the contrary, there are plenty of legal, above board sports books today who are legally sanctioned to take sports bets. In North America, all of these books run out of Las Vegas.
In other areas of the world, sports betting is legal but is also highly regulated. Governments, and sports bodies as well, desire to protect the honest competitive nature of sports. With the sheer amount being bet on the outcome of games, it can be tempting for players to forget about competition in favor of a bribe or other sort of payout. The history of most sports contains stories of players throwing games so that you can receive money from a bookmaker. Laws for example the Professional and Amateur Sports Protection Act look to prevent this from occurring by prohibiting sports betting in certain cases and places.
Keep in mind, the next chapter in the story of sports betting may make such efforts moot. Today, sports books are among those businesses that have capitalized on the opportunities available online. Bettors in North America no longer need to make the trip to Vegas so that you can put some money down on their own favorite team; instead, the capability to wager is just a click of the mouse away.
Not only will be more people able to wager on sports over the Internet, the total amount of information available increases the chances of making good bets in a way that has never been seen before. Keep in mind, the information also implies that books will be able to compensate, but the opportunities for making some serious money (at some risk) remain out there.
It's safe online football gambling site to say that betting on sports is a thing which has happened throughout human history, and a thing that will happen as long as there are competitions between people. Today, the web has taken the story of sports betting to the next level; the end of that chapter has yet to be written!
