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Those of us involved with sports betting regularly probably recognize that in truth, there was never really any "start" point when people began betting on sports. It seems pretty natural to place some kind of wager whenever there's a contest between two different sides, whether it is a competition between individuals or between two different teams.

Actually, you'll find records to show that as long as there happen to be matches between people, on any side, you will discover men and women who 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 when they are watching a competition.

Today, simply, sports betting will be much more sophisticated than those ancient wagers. All over the world, bookmakers both big and small follow a number of different systems which allow them to make money off of people's penchant for punting. Whether we are discussing professional or amateur leagues, you can bet that you'll be able to find someone willing 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 set up their odds based on very complex mathematical formulas, which help them to find out how they can make money off of people's bets. They do not want too much "action" (money wagered) on one side or another, to prevent 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 in the event the team receiving less bets win. Individuals who take the "underdogs" stand to win a great deal extra money per dollar bet than those who take the favorites.

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

The story of sports betting involves not only book makers, but additionally the law. You are probably acquainted with the popular image of the bookie; a thug who takes money and may behave violently when not paid. However, there are plenty 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, Read Home sports betting is legal but can also be highly regulated. Governments, and sports bodies also, desire to protect the honest competitive nature of sports. With the sheer amount 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 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 for example the Professional and Amateur Sports Protection Act attempt to prevent this from happening by prohibiting sports betting in certain cases and places.

Remember, the next chapter in the story of sports betting may make such efforts moot. Today, sports books are among those businesses that have capitalized on the opportunities available online. Bettors in North America no longer need to make the trip to Vegas as a way to put some cash down on their favorite team; instead, the capability to wager is just a click of the mouse away.

Not only are more people able to wager on sports over the Internet, the amount of information available increases the prospects of making good bets in a way which has never been seen before. Bear in mind, the information also means that books will be 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 a thing that has happened throughout human history, and something that will happen as long as you can 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!