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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 individuals began betting on sports. It seems pretty natural to place some sort of wager whenever there's a contest between two different sides, whether it is a competition between individuals or between two different teams.

Actually, there are records to show that as long as there happen to be matches between people, on any side, you'll find people 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 when they are watching a competition.

Today, bear in mind, sports betting is much more sophisticated than those ancient wagers. All around the world, bookmakers both small or large follow many different systems which allow them to earn money off of people's penchant for punting. Whether we are talking about professional or amateur leagues, you can bet that you'll be able to find someone ready to take your wager.

It's vital to realize 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 upon very complex mathematical formulas, which enable them to to determine how they can make money off of people's bets. They don't want too much "action" (money wagered) on one side or another, in order to avoid losing their profit. Because of this, 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. Those who take the "underdogs" stand to win a lot more income per dollar bet than folks that take the favorites.

Similarly, the point spread is used to encourage betting on both sides associated with any given match. Both methods allow the sports books to come out of each match with some cash.

The story of sports betting involves not simply book makers, but also the law. You might be experienced with the popular image of the bookie; a thug who takes money and also will behave violently when not paid. Alternatively, there are plenty of legal, above board sports books today who are legally sanctioned to take sports bets. In North America, visit Apex`s official website all of these books run out of Las Vegas.

In other areas of the world, sports betting is legal but is additionally highly regulated. Governments, and sports bodies also, desire to protect the honest competitive nature of sports. With the sheer sum of money being bet on the outcome of games, it may be tempting for players to forget about competition in favor of a bribe or other type 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 taking place by prohibiting sports betting in certain cases and places.

As always, the next chapter in 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 is just a click of the mouse away.

Not simply are more people able to wager on sports throughout the Internet, the amount of information available increases the probability 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, but the opportunities for making some serious money (at some risk) remain available.

It's safe to state that betting on sports is something which has happened throughout human history, and something that shall happen as long as you can 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!