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Those of us involved in sports betting on a regular basis probably understand 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 is a contest between two different sides, whether 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 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, simply, sports betting is a lot more sophisticated than those ancient wagers. All over the world, bookmakers both small or large follow several unique systems which permit them to make money off of people's penchant for punting. Whether we have been discussing professional or amateur leagues, you may bet that you're going to be able to find someone ready to take your wager.

It is critical to understand 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 based upon very complex mathematical formulas, which help them to find out how also they can make money off of people's bets. They do not want too much "action" (money wagered) on one side or another, to avoid losing their profit. As such, they have thought up ways to encourage people to bet on each side.

One of those ways is to offer higher payouts when the team receiving less bets win. Those that take the "underdogs" stand to win a whole lot extra money per dollar bet than folks 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 money.

The story of sports betting involves not simply book makers, but in addition the law. You're probably familiar with the popular image of the bookie; a thug who takes money and will behave violently when not paid. On the contrary, 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 as well, desire to protect the honest competitive nature of sports. With the sheer sum 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 sort 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 aim to prevent this from happening by prohibiting sports betting in certain cases and places.

Keep 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 as a way to put some money down on their own favorite team; instead, the capability to wager is simply a click over here 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 that has never been seen before. Bear in mind, the information also implies that books will be able to compensate, but the opportunities for making some serious money (at some risk) will still be around.

It's safe to say that betting on sports is something which has happened throughout human history, and an element 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!