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Football
Betting: A Quick & Dirty History
From
Sports Intensity
by
Jackie Baltimore
In years past, if
a gambler wanted to bet on football he or she would place a wager
with the neighborhood bookie. In the nineteen-sixties, in an effort
to control what had become an enormous underground industry, the
Federal Government legalized sports betting within the state of
Nevada, and made it illegal everywhere else in the U.S. With the
rise of the world wide web, online football betting has become an
internet commonplace and online sportsbooks take in billions of bets
each year. This didn't all happen overnight.
Football betting has been around longer than many of the more
traditional sports bettors care to remember. Originally, football
betting took place in a back alley or a local pub and the local
bookie was the person who cashed in on the wagers placed on
football. The only choice many people had for gambling on games was
through the local bookie. Back then, bookies had an image of being
the tough guy. They flashed the money they made, and when credit
came due and a bettor couldn't pay, bookies often resorted to
violence. It was this image and violence that led to their eventual
downfall.
The Federal Government isn't fond of underground, untaxed, and
lawless economies. And that's exactly what football betting was. In
addition, whether true or not, the feds were convinced that many of
these neighborhood bookies had mob ties. In order to control and
regulate football betting as well as all other betting on sports,
the Federal Government outlawed betting in all states but Nevada.
The only legal way to bet on football at that point was to do it in
Vegas.
However, many industries have been outlawed in the history of the
United States, some recently, some not so recently, and none of them
successfully. So even after Las Vegas sportsbooks were legalized
football bettors still tended to use the neighborhood bookie, and
the business thrived. While this may have been true for reasons that
had to do with the policing of "vice", perhaps more importantly it
was true for financial reasons: it's neither easy nor profitable to
hop a plane to Las Vegas to place a $100 football wager.
Despite their continued success, the neighborhood bookies weren't by
any means free from the attempts of the police to shut them down.
Legal issues were an unwelcome nuisance for the business, and police
raids were costly not to mention frightening to customers. What
bookmakers really needed was a way to get out from underneath the
long arm of the United States' law. They found it in the late '90s
on the internet.
Online football betting was born in the late 1990's when a number of
neighborhood bookmakers realized there was a way to reach larger
audiences as well as to escape the legal issues that had become a
hindrance to their business. The increasing ubiquity of the internet
allowed football betting to become more secure, more accessible, and
lastly but not least, more fun.
Offshore sportsbooks really started to catch on in the early 2000's
and have since become the most popular method for football betting.
Online gaming companies took over $12 Billion in bets in 2005, and
those numbers are predicted to grow by at least 20% this year. Along
with the success has come attention both friendly and otherwise. As
the online sportsbooks become more popular every year with the
football betting crowd, the United States government looks for ways
to reach beyond its own borders to block the flow of U.S. funds to
offshore companies and to make online football betting illegal for
football bettors here in the States. Many Americans feel that this
effort is both as doomed to fail as other attempts at prohibition,
as well as unnecessary as the industry becomes increasingly
self-regulated.
The offshore sportsbook industry has come a long way in its short
life. In the early years the instances of sportsbooks not paying
winning customers was almost too many to count. The gold rush
atmosphere brought entrepreneurs with little or no business or
gaming experience running to set up an offshore shop and cash in on
the craze. The result of these fly-by-nights was a black eye for the
industry as a whole. Since then, sportsbook review sites like
SportsIntensity.com and offshore watchdog organizations like
SportsBettingScams.org have stepped in to help police the otherwise
unregulated industry. The effect of these sites has been to make
football betting scams more and more rare every day. The positive
result of all the attention that online football betting has
attracted is that it's much more difficult to scam bettors when
everyone's watching.
Football betting was forever changed by online sportsbooks, and the
days of the old-school neighborhood bookie are forever gone. After
the lawless frontier days, offshore sportsbooks have become the easy
and accessible, secure and legal option for millions of football
bettors. Expect this trend to continue. |