Ever wondered how the idea of betting on sports came into being? Who were the first bookmakers in history? How sports gambling shunned the stigma once attached to its name and become a $400 billion industry?
Provided you’ve ever found yourself grappling with these questions, you’ve come to the right place. In this article, we’re going to shed some light on the history of sports betting (including sms betting in Kenya) and how it went from being a novel amusement of the aristocracy to everybody’s favorite pastime.
How Sports Betting Came Into Being?
Although it’s almost impossible to trace the origin of the first bet, we can say with confidence that it was the Greeks who popularized sports betting.