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Gambling had deep roots in England and quite naturally, the colonists brought their love of gambling over to the united states and continued with the tradition. Early colonists happen to be known to bet on cock-fighting, boxing, and horse racing. In the early nineteenth century, the vast majority of gambling was centered on horse racing with boxing in second place. However, with increasing popularity of baseball, the focus of sports gambling shifted to baseball betting towards the later a division of the century.
Through the start of the 20th century, sports like the school basketball and football started getting the attention of general public and with the passage of time these sports were competing with baseball when it comes to popularity. The earliest type of wagering on fantastic football (official Egresadosudistrital blog) and basketball involved the usage of odds - a system still practiced today - often known as the cash line.
The method of betting with money line posed big problems for the bookmakers and they were forced to come up with a substitute. A majority of gambles were inclined to place bets on college teams which were quite superior to their opponents, making the outcome of the matches a foregone conclusion and resulting in losses for book makers. Just prior to the Second World War broke out, the bookmakers introduce a new method of sports gambling that transformed this industry forever.
In simple terms, the point spread is a handicap which is placed on the likely winner of any basket ball or football game in points. One example is in the event the Lakers were expected to simply demolish the Clippers, the point spread for the game might be calculated at as high as 20 points. In other words, 20 points could be either subtracted from the total score of Lakers score, or added to the total score of Clippers. In such a case, any sports enthusiast who placed a sports bet on the Lakers would only earn money should the Lakers win by at least 21 points. Similarly, gamblers wagering on the Clippers stand to win their bets if the Clippers win the game as well as in the event the Clippers lose the game, gamblers can still win provided Clippers lose by 19 points or less.
The point spread helped the bookmakers to balance their books as bets on sporting events were more evenly placed in comparison with the previous system where nearly all of gamblers placed bets on the exact same teams.
The huge success of the point spread helped the bookmakers understand that the greater betting options the public had, the more bets they will be likely to place. This realization resulted in the establishment of another system, the totals. Also known as "overs / unders,", this betting proposition provides the gamblers to bet on the total score of both the teams, irrespective of the outcome of the game.
Sports betting has gone through many stages of evolution with the passage of time. Bookmakers have continued to put together betting methods and opportunities, latest of them being teasers and parlays. Alternatively, placing a sports bet with the traditional money line, against the point spread, or through totals, continue being the 3 most popular forms of sports gambling. No matter what sports you follow, there is an equal opportunity now to make money through your favorite sports.
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