The Nature of Sports Betting

Since the onset of sports in America, people have been obliged to gamble on the outcome. When there is a sport to be played, there was a particular person in a particular place who was ready to gamble on it. Seemingly, sports betting were a usual element of early American culture. Estimates also shows that one out of every four American gamble on a sporting competition at least once every year and that fifteen percent of the population of the United States is a regular sports gambler.

The growth in sports betting has been brought about by many factors and many colorful personalities have contributed to the industry over the years. Among these factors are:

The federal betting excise tax cut from ten percent to two percent to consequently 0.25 percent on January 1983. This paved the way for the transformation of illegal sports bettors to bet legally. It allowed sports bookmaking an income-generating business.

The dispersion of sporting competitions in the media has strengthened the public's awareness with different kinds of sports. The spread of cable television as well as the satellite created the possibility of bringing the games live and straight to the sports books. The continuously expanding media advertising of professional and collegiate sports has grown to great proportions. The three most popular sports for betting namely football, baseball, and basketball, all have foremost contracts with television providers throughout the country as well as locally.

The reduced shame incorporated with general gambling and professional sports betting specifically.

Gambling, particular on sporting activities, is established as a crime in which the accused has not made a particular action which is detrimental to another.

The legalization of sports gambling in the view of the public has been strengthened by the frequent connection of gambling with sports, especially by the media.

Principal resort hotels and casinos in Nevada realized that in-house race and sports books were profitable for business and created sufficient visitors through the casino.

The amount of accessible information to the sports bettor has grown to the extent that the gambler need not be at a great liability when compared to the knowledge of bookmakers.

The escalation of professional sports, particularly televised professional football, paved the way for important increases in the quantity of sports gambling in the United States. Sports betting involves large sums of money, but the extent of the amount is hard to determine, because most of the betting in sports is illegally done.

There is one thing that is sure, though, and that is sports betting will remain. It is possible that it will continue to grow in the coming years despite the government's efforts to minimize its growth. Many agree that the potential is boundless.