Betting on sports is now a very popular thing to do in almost any sport out there, all around the world. It is great for adding that extra bit of excitement to the matches and to get the chance to win a small sum of money. Nowadays, this happens online through websites and apps, and you have well-calculated odds to base your bets on, however, it was not always like this.
Sports betting has been around for thousands of years but was usually kept away from the sports event for a majority of this time. However, in the 18th century, it sparked popularity and is familiar with how we see sports betting today. At this time, it was most popular to bet on horse racing. If you want to bet on horses today, you need Kentucky Derby odds and a place to do it. 300 years ago, things went on a bit differently. It was more up to luck, and you had to bet physically to place wagers.
Laws and Legislations
Since betting is something you can earn money on, the country was eager to establish laws, and they were put into place in the 19th century. The US, Canada, and New Zealand were among the countries that created and implemented the legislation, to be the ones who reigned in this emerging industry. However, the hype did not get as big as one might have hoped and became perhaps more of a niche thing, but this would all change when the internet came to play.
The rise of the Digital Worlds
The Internet is perhaps the greatest invention we have had in modern times. It has at least sparked a great deal of innovation, and many of the great things developed today would not be if it wasn’t for the digital world. One of which are betting platforms, and the modern way of sports watches. Now it is so simple to be a part of a betting community, and you can bet at any time of the day. The bets are also better calculated, and you have a larger variety of wagers you can place.
Since betting is now more available, there are also a larger number of people who want to join. Many governments around the world have set strict laws into place, and there are only a few states in the US where you are allowed to gamble online. However, more and more are seeing how big the industry has become, and are now pulling back some of the strict legislation to benefit from the earnings.
To Gamble in a Safe Matter
The main concern for the laces that are against gambling and betting, is the safety aspect of it. We see many examples of where gambling goes wrong and leads to addiction. However, the modern gambling sites are putting in increasingly more tools to spot and prevent this. It can for example be time and money limitations for the gamblers, as well as easy access to help via websites and hotlines.
There are especially two parts that are against the strict laws, and that is mainly the gambling companies and the actual gamblers. They argue that all those who gamble are over the age of 18 in most places and are therefore adults capable of handling their finances. The uprooting seems to work, as more states are handling the legislation and are discussing the possibility of making gambling legal again. When you think about it, it is quite a historic thing, and it would be a shame if we were not allowed to do it.