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Football Betting: A Quick and Dirty History

In years past, if a gambler desired to bet on football he or she'd place a wager with the neighborhood bookie. In the nineteen-sixties, in an endeavor to regulate what had become a huge underground industry, the Federal Government legalized sports betting within the state of Nevada, and managed to get illegal everywhere else in the U.S. With the rise of the world wide web, online football betting is becoming a web commonplace and online sportsbooks consume billions of bets each year. This didn't all happen overnight.
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Football betting has been around more than lots of the more traditional sports bettors care to remember. Originally, football betting took invest a back alley or a local pub and the area bookie was the person who cashed in on the wagers added to football. The sole choice many individuals had for gambling on games was through the neighborhood bookie. In those days, bookies had an image to be the tough guy. They flashed the cash they made, and when credit came due and a bettor couldn't pay, bookies often resorted to violence. It had been this image and violence that generated their eventual downfall.

The Federal Government isn't keen on underground, untaxed, and lawless economies. And that's just what football betting was. Furthermore, whether true or not, the feds were convinced that a number of these neighborhood bookies had mob ties. In order to stop control and regulate football betting and all other betting on sports, the Federal Government outlawed betting in all states but Nevada. The only legal method to bet on football when this occurs was to do it in Vegas.

However, many industries have now been outlawed in the annals of the United States, some recently, some not so recently, and not one of them successfully. So even after Las Vegas sportsbooks were legalized football bettors still tended to utilize the neighborhood bookie, and the business enterprise thrived. This is true for a lot of reasons, but especially financial ones: it's neither easy nor profitable to hop an airplane to Las Vegas to place a $100 wager.

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