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Those of us associated with sports betting on a regular basis probably understand that in truth, there was never really any "start" point when folks began betting on sports. It appears pretty natural to place some kind of wager whenever there's a contest between two different sides, whether or not it is a competition between individuals or between two different teams.

In fact, there are actually records to show that as long as there happen to be matches between people, on any side, you can find people that want to add some excitement to the competition through wagering. From the gladiatorial contests in ancient Rome to foot races on North America's Great Plains, all cultures have put bets involving money or goods once they are watching a competition.

Today, remember, sports betting will be much more sophisticated than those ancient wagers. All over the world, bookmakers both big and small follow several unique systems which permit them to earn money off of people's penchant for punting. Whether we are discussing professional or amateur leagues, you can bet that you're going to be able to find someone prepared to take your wager.

It is critical to recognize that the story of sports betting will be as much about these "middle men" than it's about the sport one is betting on. Bookies setup their odds determined by very complex mathematical formulas, which help them to to find out how they can generate a profit off of people's bets. They do not want too much "action" (money wagered) on one side or another, in order to avoid losing their profit. For this reason, they have thought up ways to encourage people to bet on each side.

One of those ways is to offer higher payouts should the team receiving less bets win. People that take the "underdogs" stand to win a great deal more money per dollar bet than those who take the favorites.

Similarly, the point spread is used to encourage betting on both sides of the given match. Both methods permit the sports books to come out of each match with some cash.

The story of sports betting involves not just book makers, but additionally the law. You may be experienced with the popular image of the bookie; a thug who takes money and also will behave violently when not paid. Alternatively, there are several legal, above board sports books today who are legally sanctioned to take sports bets. In North America, all of these books run out of Las Vegas.

In other areas of the world, sports betting is legal but can also be highly regulated. Governments, and sports bodies as well, desire to protect the honest competitive nature of sports. With the sheer amount of cash being bet on the outcome of games, it can be tempting for players to forget about competition in favor of a bribe or any other sort of payout. The history of most sports contains stories of players throwing games in order to receive money from a bookmaker. Laws such as the Professional and Amateur Sports Protection Act aim to prevent this from taking place by prohibiting sports betting in certain cases and places.

Bear in mind, the next chapter within the story of sports betting may make such efforts moot. Today, sports books are among those businesses which have capitalized on the opportunities available fantastic online gambling site. Bettors in North America no longer need to make the trip to Vegas in order to put some money down on their favorite team; instead, the ability to wager is simply a click of the mouse away.

Not only will be more people able to wager on sports through the Internet, the amount of information available increases the prospects of making good bets in a way that has never been seen before. As always, the information also implies that books will be able to compensate, however the opportunities for making some serious money (at some risk) will still be out there.

It's safe to claim that betting on sports is a thing that has happened throughout human history, and something that shall happen as long as you can find competitions between people. Today, the web has taken the story of sports betting to the next level; the end of that chapter has yet to be written!