The History of Betting, Or How There Are Betting For Sport

Excitement has always been inherent in people. When the bookmakers did not exist, the controversial contestants kept a bet on the outcome of an event. It could be a yard fight, a cockfight, a weather forecast for the next week or half a newborn child of royal blood.

Before the sports betting appeared in the usual way for us, the organizers of the sweepstakes ruled the ball. As a rule, they were people known in their settlement. They took money from those willing to put on this or that outcome of the coming event. For their work they kept a fixed percentage, the remaining money was evenly divided among the winners. No murals, handicaps or odds at that time existed.

Bets on horse races since ancient times caused a tremendous stir and collected a lot of people willing to risk their money. The racetrack was popular in ancient Rome.

Sports betting, in the form in which we used to see them today, appeared only in the 19th century. Huge popularity of this type of gambling acquired in the UK. By the way, foggy Albion still holds the palm tree according to the number of registered bookmakers. English players who make bets in the bookmaker office traditionally enjoy football, horse racing, boxing and cricket.

Gradually, bookmakers' proposals were supplemented not only with new sports, but also with new types of bets: total match, handicap, Asian handicap, etc.

Exchange rates

A significant event in the world of sports betting was the emergence of the first betting exchange Betfair. The revolutionary mechanism of interaction between players combined the features of a classic bookmaker office and stock exchange. At Betfair, players could bet among themselves. The betting coefficients are determined by the players themselves. The rate exchange only takes a fixed interest for providing an electronic platform.

These exchanges began to attract more and more players due to their low margin. Margin - the percentage of winnings that the bookmaker picks up. The average margin in bookmakers is 8%, on the stock exchanges this figure is 6-4% of the winning amount.

The game on betting exchanges is designed for experienced players who are well-oriented in the odds and bookmaking offers.

The appearance of totes in the USSR

Sports betting came in pre-revolutionary Russia. However, they did not develop for a long time because of the ban. The renaissance of sports gambling in the USSR was the establishment in the 80s of the state totalizator SportPrognoz. Bookmakers of the European model began to appear in Russia after 1991. Today domestic betting fans are available offers of the best world bookmakers: Bet365, WilliamHill, Pinnacle Sports.

In recent years, there have been many domestic businesses offering bets on various sports. Among the most famous are the Marathon, Zenit, Bet City, Olympus.

Separately it is worth mentioning the tarnished reputation of Russian bookmakers. Many offices are in the "black lists of betters" for various reasons. As a rule, these are problems with withdrawal of funds, blocking of accounts, cancellation of winning rates, setting of limits on rates for professional players.

Before choosing a sports betting office for sports betting, it is recommended to carefully study all the reviews about it and get acquainted with the rating of bookmakers.