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Football Betting: A Quick & Dirty History
by
Sports Intensity - 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.
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