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Those of us associated with sports betting on a regular basis probably recognize that in truth, there was never really any "start" point when individuals began betting on sports. It seems pretty natural to place some kind of wager whenever there's a contest between two different sides, whether it is a competition between individuals or between two different teams.

In fact, you can find records to show that as long as there are already matches between people, on any side, you will find folks 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, of course, sports betting will be much more sophisticated than those ancient wagers. All around the world, bookmakers both big or small follow several unique systems which permit them to make money off of people's penchant for punting. Whether we have been talking about professional or amateur leagues, you can bet that you will be able to find someone willing to take your wager.

You need to realize that the story of sports betting will be as much about these "middle men" than it is about the sport one is betting on. Bookies set up their odds based upon very complex mathematical formulas, which help them to ascertain how also they can generate a profit off of people's bets. They do not want too much "action" (money wagered) on one side or another, to prevent losing their profit. So, they have thought up ways to encourage people to bet on each side.

One of those ways is to offer higher payouts if your team receiving less bets win. Individuals that take the "underdogs" stand to win a whole lot extra money per dollar bet than individuals that take the favorites.

Similarly, the point spread is used to encourage betting on both sides of any given match. Both methods enable 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 are likely familiar with the popular image of the bookie; a thug who takes money and also will behave violently when not paid. In contrast, there are plenty 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 in order to receive money from a bookmaker. Laws such as the Professional and Amateur Sports Protection Act look to prevent this from happening by prohibiting sports betting in certain cases and places.

As always, the next chapter within the story of sports betting may make such efforts moot. Today, sports books are among those businesses that 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 favorite team; instead, the capability to wager will be a click for source of the mouse away.

Not simply tend to be more people able to wager on sports throughout the Internet, the total amount of information available increases the prospects of making good bets in a way that 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) will still be available.

It's safe to say that betting on sports is one area which has happened throughout human history, and something that shall happen as long as there are 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!