Where in the world are you able to sit in front of a big TV with no kids, wife’s screaming or your phone reminding you about something you have to do or somewhere you have to go and the best of all is that you are on vacation. If you haven’t been able to find the answer then let me tell it to you, the answer it’s Vegas, the Sin City where all the pleasures are ensured and all the gambling it’s allowed. The first state in bringing you the gambling business operations out the dark and have keep them clean is the same that bring to us the Sports Books, which are only legal on Las Vegas.

When people go to a Casino to gamble they are essentially basing their chances of winning on chance and some cases on player skill, but they still have the same house edge problem, know when speaking on the realm of sports betting the rule is different it’s the randomness of the game in general with sets the odds and the winning or losing, in this case it’s not the skill of the player, it’s the knowledge he might have about the game and his betting strategy that will put him on a winning position for the game.

History

Betting have been embedded on the heart of every human from the e ancient times when on a region near Thebas, Egypt was found a pair of dices made with a bone of a dog. So when the founding fathers came from England, the French’s that came to the north, and the Spaniards that entered the country of from the south. The horse betting developed because by the 1920 there were more than 300 racetracks on the states so entrepreneurial people started making pools of bettors that later developed to “pool halls” which were off-track betting facilities connected to various tracks via telegraph that where displayed as lines on a ticker on the wall. After various sport scandals that mounted on the gambling business that ultimately led to the Anti-Gambling Laws

After the prohibition ended Las Vegas was the place to restart but this time the sports betting got organized on what was called “turf clubs” which were like the off-track betting facilities of the pre- Anti- Gambling Laws but with the added advantage that now the gambler could track and bet on all the sporting events being held at the moment, one of the biggest attractions of the clubs was the big TV screens it spotted, that allowed players to watch and bet on the outcome of the games.

In Vegas the only place of existence of legal “turf clubs” Casinos and the clubs had an agreement of not interfering with each other activities until Sam ‘Momo’ Giancana, a Chicago gangster and owner of the Stardust opened a turf club inside the Casino with a 300 bettors seats and 6 big screens, with that the sports book business took off and all Casinos installed sports books inside them and with time and without the ability to compete the “turf clubs” had to close their doors.

With the advent of the internet the border of sport booking extended to the realm of the cyberspace passing the ability of the bettors to have a more civilized, as interactive as in a sport book. Sport books area only legal on the state of Nevada, making it impossible for bettors to wage on the outcome of sporting events nearby their locations or houses. Although the legality of sports betting over the internet is not necessarily clear the related agencies has placed many restrictions to offshore sports book for accepting US Customers and they always look for loop holes on the regulars as they roll out to again allow customers to place bets. The most problematic regulations it’s being imposed on the banks for not allowing customers to transfer money from accounts or credit cards. So the Internet sports books have placed at the benefit of the bettor the facility of using several funding methods that circumvent the problem. Right now the agencies regulating the Gambling commerce on the states are only enforcing on the offshore when some of the key participants travel to US territories.