A brief history of sports betting

October 20th, 2021 12:37 pm| by This content is sponsored

Sports betting is a widespread activity But how did it all start and how did we get to where we are today? Here’s a brief history of sports betting, so that you can get to know the story behind it. 

Sports betting as we know it today is a multi-billion dollar business, including a wide range of sports, and is present in most of the world. Players benefit from the competition that exists between the different sports betting platforms today, and bonuses are a big part of how sports betting is introduced to new players. If you want to know more about the different welcome bonuses that are available right now, read more here.

Sports betting throughout history
Sports betting is not new. The first record of sports betting dates back more than 2000 years ago, where the Greeks and the introduction of the Olympics held records of betting on the athletic competitors on the field. Following this, betting was legalized in Rome, where the gladiator games offered the perfect opportunity to continue this. In the medieval times, religious leaders attempted to make it illegal, but sports betting went underground and survived.

Later, sports betting resurfaced, and horse race betting become one of the first legalized ways to bet in modern day. This became especially popular in England, but the practice spread to the rest of the world, and the US in particular, took well to this opportunity. Getting good at sports betting takes practice, but there are ways to speed up the process.

Do this before you start sports betting
Even though sports betting is a big activity, there are risks when it comes to engaging in this. But having thought about your approach, risk tolerance and financial goals, most of this risk subsides. Here are a few quick tips to get you thinking:

  • What risk tolerance are you comfortable with? Knowing this, will help you determine how much money you are willing to spend.
  • How much money are you comfortable with potentially losing? Playing for more than you are comfortable with losing, is not recommended. Because of the relatively high risk, it’s recommended that you only use an amount you are comfortable with.
  • Stay within your financial limit. Regardless of whether you win or lose, it’s easy to be swept away by the adrenalin of the situation. Staying within what you wanted to spend, is a good way to avoid situations you’d rather not be in. 
  • Talk to friends and family about your bets and how much you are spending. This will help them flag things, and simultaneously makes it easier for you to reach out to them if you feel like something is slightly off, regarding your habits around sports betting.

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