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Those of us involved in 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 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 reality, there are records to show that as long as there have been matches between people, on any side, you will 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 when they are watching a competition.

Today, bear in mind, sports betting is a lot more sophisticated than those ancient wagers. All over the world, bookmakers both big or small follow several unique systems which permit them to make money off of people's penchant for punting. Whether we are speaking about professional or amateur leagues, you may bet that you will be able to find someone willing to take your wager.

It is important to understand that the story of sports betting is just 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 help them to to ascertain how they may make money off of people's bets. They don't 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 whole lot more income per dollar bet than people who take the favorites.

Similarly, the point spread is used to encourage betting on both sides associated with any 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 also the law. You are probably acquainted with the popular image of the bookie; a thug who takes money and 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 is also highly regulated. Governments, and sports bodies also, desire to protect the honest competitive nature of sports. With the sheer amount 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 type 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 attempt to prevent this from happening by prohibiting sports betting in certain cases and places.

Bear in mind, the next chapter in 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 to be able to put some cash down on their favorite team; instead, the capability to wager will be a click of the mouse away.

Not only tend to be more people able to wager on sports over the Internet, the amount of information available increases the probability of making good bets in a way which has never been seen before. Simply, the information also implies that books will be able to compensate, but the opportunities for making some serious money (at some risk) continue to be around.

It's safe football to claim that betting on sports is something which has happened throughout human history, and an issue that shall 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!