Description

The 20th century marked a significant turning point in the evolution of sports betting. The establishment of legalized sportsbooks began in the United States, with Nevada leading the way by legalizing sports betting in 1931. This legislative change not only provided a legitimate avenue for bettors but also contributed to the growth of the sports industry itself. The introduction of betting lines and odds became more sophisticated, as bookies and sportsbooks utilized statistical analysis to set fair and competitive odds. This period laid the foundation for the modern betting strategies that many enthusiasts employ today.