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Those of us linked to sports betting on a regular basis probably realize that in truth, there was never really any "start" point when people began betting on sports. It seems pretty natural to place some sort of wager whenever there is a contest between two different sides, whether or not it is a competition between individuals or between two different teams.<br><br>Actually, there are actually records to show that as long as there are already matches between people, on any side, you'll find people who 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.<br><br>Today, simply, sports betting will be much more sophisticated than those ancient wagers. All over the world, bookmakers both big and small follow several different systems which permit them to earn money off of people's penchant for punting. Whether we are discussing professional or amateur leagues, you can bet that you'll be able to find someone willing to take your wager.<br><br>It is important to recognize that the story of sports betting is simply as much about these "middle men" than it's about the sport one is betting on. Bookies set up their odds based on very complex mathematical formulas, which help them to to ascertain how they may generate a profit off of people's bets. They don't 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.<br><br>One of those ways is to offer higher payouts if your team receiving less bets win. Those who take the "underdogs" stand to win a whole lot additional money per dollar bet than those that take the favorites.<br><br>Similarly, the point spread is used to encourage betting on both sides of the given match. Both methods enable the sports books to come [http://acespedunn.edu.ng/profile/jonathannolan check out this site] of each match with some money.<br><br>The story of sports betting involves not just book makers, but in addition the law. You are probably familiar with the popular image of the bookie; a thug who takes money and can behave violently when not paid. On the flip side, 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.<br><br>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 amount of cash 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 sort of payout. The history of most sports contains stories of players throwing games in order 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.<br><br>As always, the next chapter within 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 in order to put some cash down on their favorite team; instead, the ability to wager will be a click of the mouse away.<br><br>Not just will be more people able to wager on sports through the Internet, the total amount of information available increases the chances of making good bets in a way which has never been seen before. Keep in mind, the information also means that books are able to compensate, however the opportunities for making some serious money (at some risk) remain available.<br><br>It's safe to say that betting on sports is a thing that has happened throughout human history, and an issue that will happen as long as you'll find competitions between people. Today, the web has taken the story of sports betting to the next level; the end of that chapter has yet to be written!