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Those of us involved with sports betting regularly 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 is a contest between two different sides, whether it is a competition between individuals or between two different teams.

In fact, you'll find records to show that as long as there are already matches between people, on any side, there are actually those 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, as always, sports betting is much more sophisticated than those ancient wagers. All over the world, bookmakers both big or small follow a number of different systems which permit them to make money off of people's penchant for punting. Whether we have been speaking about professional or amateur leagues, you may bet that you're going to be able to find someone prepared to take your wager.

It's important to recognize that the story of sports betting is simply as much about these "middle men" than it really is about the sport one is betting on. Bookies setup their odds based on very complex mathematical formulas, which enable them to to ascertain 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, to avoid losing their profit. Because of this, they have thought up ways to encourage people to bet on each side.

One of those ways is to offer higher payouts if your team receiving less bets win. Individuals that take the "underdogs" stand to win a lot more money per dollar bet than people who take the favorites.

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

The story of sports betting involves not only book makers, but also the law. You are likely experienced with the popular image of the bookie; a thug who takes money and may behave violently when not paid. However, there are lots of 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 also, desire to protect the honest competitive nature of sports. With the sheer amount of cash being bet on the outcome of games, it may be tempting for players to forget about competition in favor of a bribe or other type of payout. The history of most sports contains stories of players throwing games to be able to receive money from a bookmaker. Laws such as the Professional and Amateur Sports Protection Act aim to prevent this from happening 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 online. Bettors in North America no longer need to make the trip to Vegas in order to put some cash down on their own favorite team; instead, the ability to wager is simply a click of the mouse away.

Not just tend to be more people able to wager on sports through the Internet, the amount of information available increases the prospects of making good online football gambling bets in a way that has never been seen before. Simply, the information also means that books will be able to compensate, though 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 one thing that has happened throughout human history, and an issue that shall happen as long as there are actually 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!