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A Brief Story About Sports Betting

A Brief Story About Sports Betting
Over the centuries, the betting world went through transformations, until reaching the present day.
by Academia   |   comments 0

The Betting Academy is also culture, and today we will tell historical aspects about how betting emerged and its evolution over the centuries. If today it is a great way to earn money, with professionals living in this field, in the beginning it was not like that, with all kinds of meaning and consequences. Come travel with us and see how we got to the present day.

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The oldest known record comes from China, around 2300 BC, when data were used to decide the territorial division. The same was seen in Europe, already two thousand years later, around 100 b.C, when the King of Sweden and the King of Norway disputed the region of Hising in a game of dice. After playing and having the same result in sequence (6/6), the Swede was the lucky one who got the territory.

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But it was in Greece that things started to get closer to what we know, where we bet on a certain result of an event. Blessed place where the Olympic Games began, the Greeks already bet on results of athletics races and discus. The Romans took it more seriously, and everything from a board game to a chariot race was cause for gamble. It wasn't just money that was gambled, but also material goods, and even their freedom, providing services in the event of a lost bet. The Bible itself brings passages about facts that occurred in Ancient Rome, with very severe penalties, resulting in what were considered results of bets.
Until that time everything was played on luck or bad luck, but it was in the Renaissance period that the fascinating world of probability, management and mathematics was incorporated in the bets. The end of betting superstition and magic was marked, and probability theories were gaining ground. Understanding that betting was no longer just a matter of luck placed elements of risk management and analysis of the possibilities for an event to happen, as paramount to success.
This was so important to humanity that later it only came out of the betting plan to be implemented in society in general, mainly to organize and analyze information, assess risk management and quantitative techniques from various fields of study, which evolved over time and are used in modern life.
In relation to some betting markets, we can cite England as a great supporter of horse racing, where specialists began to gain space to publicize their analysis in newspapers and houses of the industry. For those who like casinos, the US was largely responsible for the growth and evolution of this sector over the decades.
In recent years, studies have shown that this segment has generated greater revenues than all famous fast food chains combined in the US, showing that it is a solid market with exponential growth. The emergence of the internet in the 1990s was essential to the explosion of this sector, with bookmakers and casinos putting their businesses to millions of people to access. Regardless of the time, betting has always had a strong meaning, such as conquering territories, generating income and benefits, motivation for scientific and mathematical studies, as well as leisure and entertainment.
But even today, after countless evolutions, they still generate a suspicious and often negative look. Brazil is a strong example of this, where the fight for regularization has been pursued for decades, which can generate jobs, tax collection, in addition to bringing greater security to those who bet.

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