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History of sports betting

History of sports betting: centuries-old traditions of gambling

The ancient Greeks did it at the Olympics, the Romans at the Circus Maximus, and in the Middle Ages, people bet on which knight first fell off his horse in a tournament: sports betting is almost as old as humanity and is celebrating its renaissance online - betxchange login.

First adoption of rates around 676 BC

The earliest sports betting records date back to 676 BC. At the 23rd Olympic Games, the ancient Greeks were the first to bet on which of the athletes will be at the top of the podium. At that time, money or other values ​​of that time were already used. Interestingly, Live bets had already taken place, as we know from the present: bets could still be placed while the sporting events continued.
Chariot Race at the Circus Maximus

From Greece, sports betting made its way to Rome across the Mediterranean as an additional entertainment at mass events. Here bets were placed on gladiatorial fights and chariot races in the Circus Maximus, the largest event of the time - up to 250,000 seats. This is where the first commercialization of sports betting took place, with circus spectators betting on a winner in a gladiatorial battle or in a chariot race - and if they're lucky, they'll get their bet back many times greater. With the fall of the Roman Empire, this type of sports betting temporarily disappeared from the scene.

Renaissance through horse racing

After that, the bets resumed only in the Middle Ages, in the knightly competitions of that time. However, this type of sports betting was rather private in nature, with no real commercial activity. He only returned to the scene in the 18th century when horse racing became a huge success in Britain. Betting income was often used to fund the competition itself. Around the same time, the first bookmaker companies were founded - some of them still exist. The first German horse races, following the English model, on which bets could be made, took place in 1810.
Breakout with Toto

Beyond horse betting, the triumphant promotion of another popular sport helped sports betting reach its ultimate breakthrough: football. The reason for this was the Toto betting game, which was introduced in England in 1921 and was gradually able to celebrate its breakthrough across Europe. However, in Germany, Toto was only playable after World War II in 1948. At the same time, new ways to place bets appeared, in which the player no longer needed to be on the site. In England in the 1970s, it was possible to place the first bets on sports over the phone - there was no longer any need to place bets in person at a stadium or racetrack bookmaker.

Sports Betting in the Internet Age

A lot has changed in terms of technology since the days of telephone betting: many sports betting providers have moved their businesses to the Internet, where newcomers to sports betting can take their first steps in placing bets with an appropriate provider. This development has its roots in the 1990s, when the first bookmakers discovered the Internet and established their online portals. Since then, the range has steadily expanded: there are now many more betting markets online than before and the types of bets are becoming more and more diverse: in addition to the good old result bets, there are now special types of bets such as handicap, more is less and Scorecast - Wincast. To make online sports betting attractive to potential customers, there are new customer bonuses and special bonus offers for major sporting events such as the Champions League or the FIFA World Cup. The turnover shows how successful these online sports betting are now: in 2016, more than six billion euros were made in the German sports betting market, and this trend is growing.
History of sports betting
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History of sports betting

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