Sports betting is the act of predicting and betting on the outcome of sporting events. The frequency and type of bets placed vary according to the game’s culture. However, people’s uproar of excitement did not falter and only overlapped because of gambling as their anticipation for their desired team to win rose.
The history of sports betting began in the early 1900s with horse racing as the primary competition in the industry. Howbeit, competitive ventures became more known to the masses in 1919 with the Black Sox scandal. Eight players on the Chicago White Sox were purposely losing the World Series. Their team owner, Arnold Rothstein, bribed them with $10,000. The scandal tarnished the reputation of sports betting and caused many to believe that gambling in professional sports might compromise the integrity of the rivalry.
The good news is that in the recent events in sports gambling, the public’s opinion of this industry improved somehow.
In 1992, the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act, making sports betting more vogue. The supervisory allowed people to bet on any sport and in every country. In 1993, the first NFL game was televised on television, and this broadcast ameliorated the line of business to prosper.
As the popularity of sports gambling grew, casinos opened and regulated sports wagering. This standing permitted numerous more sports to be viewed in the United States, including basketball, American football, and, of course, the one that pioneered in sports venture, horse racing.
Even if the gambling ban did not affect professional games in many countries, the online live casino Malaysia entertainment offers made betting double the fun.
Thanks to all the modernized technology that made the magic happen and enabled online sports gambling.
Now that you are aware of the backstory of sports gambling, why don’t you go on further and take a clearer view of what made the industry thrive now?
See the infographic below created by the well-known live casino online Malaysia company, CM2BET, to know more about the most prominent sports bet wins that made history:
