If you think sports betting only involves going to the track and betting on the horse races, or more recently, going to an online site and placing a wager on the outcome of a game played by your favorite NBA team, then you don’t have the whole picture. While certain types of sport betting have gotten very organized over the decades, they don’t include the casual everyday bets that people place. What about that office pool, for example? That’s betting too, just as much as laying down a wager at the track.

People have been engaging in sports betting probably for as long as they’ve been human. From early cockfighting to the more elegant “tests of skill” of ancient Greece, to the late sixteenth century and the earliest gambling houses in Europe, people have been placing wagers on various competitions. Not every kind of betting is applied to sporting events, of course, as political outcomes have also long been the object of intense wagering. But sports create a visceral excitement that other activities don’t, and sport betting is a way of partaking of that excitement.

In the mid-1930s, a company called Athletic Publications, Inc. took betting on sports to a different level, starting it on the road to where it is today. Betting had been going on at local levels, but this company began publishing and distributing odds on sports events to bookies across the country. Eventually, this led to sport book betting, which describes official organizations that create the “book” for events, assembling the odds and prices and then taking people’s bets and making payouts. These sportsbook organizations were primarily located in Las Vegas, Nevada, until the internet recently made it possible to connect with such organizations all over the world.

The basic human impulse to try to predict the outcome of competitions has burgeoned and sports betting has become a worldwide, multi-billion dollar industry. With so much money at stake, and also the potential for crime so high, it’s no wonder why governments are all trying to formulate the appropriate online sport gambling law so that citizens will be protected, but also so governments might get a piece of the tax action. But when it comes right down to it, most sports fans simply enjoy having the chance to place a wager, and have something riding on the outcome as they cheer their chosen team to a hoped-for victory.

Sports betting encompasses what humans do from the smallest activity to the largest. People just don’t seem able to resist trying to guess the outcome of games and competitions, and having something at stake just adds zest to this impulse. So whether you’re tossing a couple of bucks into the office pool for the final score in the Super Bowl, or getting seriously organized and placing bets at an online sport gambling website, you’re participating in that same longstanding human urge.

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