Sports betting goes way back. It’s one of the oldest forms of gambling we have today, but it has certainly come a long way from its beginnings.
The History of Sports Betting
Sports betting seems like a very modern day activity, but truthfully, people have always liked to put money on their favorites at basically any sporting event, and sporting events are as old as human history. You see where we’re going with this? Sports betting goes back thousands of years.
What Is Sports Betting?
There’s a lot of terminology around gambling, and it can get pretty confusing. Sports betting is a form of gambling which involves placing a bet or wager on the results of a sporting event.
While sports betting obviously incorporates wagers on sports like rugby and tennis, it also includes betting on entertainment, such as the winner of Dancing with the Stars, and finance, such as interest rate changes.
The first record of the existence of sports betting is from over 2,000 years ago. Greeks, who loved sports, also liked to bet on a wide range of athletic competitions, while Romans bet on gladiator games. Medieval times came along and some leaders who had issues with this practice attempted to put laws in place to forbid this activity. However, the only thing this accomplished was for sports betting to become an underground activity. When gambling became popular in England, people would bet on horses. Eventually, this practice spread to the rest of the world. Europe is currently the biggest sports betting market, but beyond just being a fun activity, sports betting has turned into a major business.
Sports betting has always been around, but the Internet has caused its popularity to significantly increase over the years. Online betting allows people to bet on basically any event, anywhere in the world. As a bookie, the bookmaker per head solution that you offer your players really matters. Check out all the tools and services we have for you. Maximize your per head booking business with cutting-edge technology today.