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Those of us linked to sports betting frequently probably realize that in truth, there was never really any "start" point when individuals began betting on sports. It appears pretty natural to place some sort of wager whenever there's a contest between two different sides, whether it is a competition between individuals or between two different teams.

In fact, you can find records to show that as long as there are already matches between people, on any side, you can find individuals 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, keep in mind, sports betting is much more sophisticated than those ancient wagers. All over the world, bookmakers both big and small follow many different systems which permit them to make money off of people's penchant for punting. Whether we have been talking about professional or amateur leagues, you may bet that you will be able to find someone ready to take your wager.

It is important to realize that the story of sports betting will be as much about these "middle men" than it really is about the sport one is betting on. Bookies set up their odds according to very complex mathematical formulas, which help them to ascertain how they may make a profit off of people's bets. They do not want too much "action" (money wagered) on one side or another, to avoid losing their profit. Therefore, they have thought up ways to encourage people to bet on each side.

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

The story of sports betting involves not just book makers, but in addition the law. You are probably familiar with the popular image of the bookie; a thug who takes money and may behave violently when not paid. On the contrary, there are numerous 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 is also highly regulated. Governments, and sports bodies as well, desire to protect the honest competitive nature of sports. With the sheer sum of money being bet on the outcome of games, it may 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 as a way 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.

As always, 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 quality online casino football. 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 capability to wager will be a click of the mouse away.

Not only are more people able to wager on sports over the Internet, the total amount of information available increases the probability of making good bets in a way which has never been seen before. Keep in mind, the information also means that books are able to compensate, though the opportunities for making some serious money (at some risk) are still around.

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