Sports betting has been at the same time as sports existed which dates back more than 2,000 years ago. It takes a man’s favorite recreational activity and makes it even more fun by adding a personal stake in the outcome.
Origins of Sports Betting
The Greeks are those invented the Olympics and introduced it to the world as well as the earliest records of betting on results of athletic competitions. Sports betting then was spread to ancient Rome where it was legalized. Romans first bet on the gladiator games, and even when this ancient sporting event came to an end, gambling still prevalent and continued to spread to other kingdoms.
During medieval times, some religious leaders tried to forbid sport bettings making it to stay underground, where it continued to exist and even became new sporting events to be introduced to the world.
In modern time, gambling became very popular in England, especially with horse race betting, before being spread to the rest of the world, particularly the US, where it rapidly became the most favorite pastime.
Gambling has been very popular worldwide, especially throughout Europe – the biggest and most lucrative sports betting market.
An introduction to new form of sports events allowing people to wager on has also improved the popularity of sports betting. In fact, many sports you see today were not in existence a few centuries ago allowing gamblers to bet on a wide variety of sporting events from soccer to american football and the like.
Sports betting is not only a fun activity but also a multi-billion dollar business bringing huge profits for sportsbooks and casinos worldwide.
The internet and smartphones has fueled the growth of sports betting, allowing gamblers to avoid making bet face to face with a person at a betting window although you can still do that. Online sports betting sites are now offering more convenient method such as call or text your local bookie, walk into a sports book or log into an online sports book to place bets and invented in-progress (i.e. live betting) betting that allows gamblers to bet in real time from tip off to the final whistle.