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The history of cycling sports betting is entangled with the general history of sports betting. In fact, you could say that betting is as old as society itself. The most ancient records of people gambling and betting date back to the Greeks over 2,000 years ago.
In Rome, sports betting was legal even in ancient times. In the years afterwards, it became illegal and back to legal several times.
The beginning of sports betting as we know it started in England in the 19th century. At the time, horse race betting became very popular there, and soon afterwards in the United States.
Betting was legal in ancient Rome
Other sports were more popular at first
Cycling had a loyal, but small bettor pool
The mighty internet started an online cycling betting revolution
In most US states, however, most bookies were local and illegal.
It was hard to operate in these conditions, which lasted in the country during most of the latest century. States such as Nevada had fewer restrictions, though, which helped the industry to grow.
After some time, it became common to bet in several sports, especially in the US. People started to gamble on who would win the latest football, basketball, or baseball match. A small but vocal community began to wager on cycling, too.
While not as popular as major televised sports, cycling sports betting became a profitable niche. Competitions such as the Tour de France have existed since 1903. So, it was not hard to find major cycling events that attracted people. In Europe, the trend was even sharper.
The next alteration in the way that the Cycling sportsbook world worked happened early in the 2000s with the internet.
The rise of online sportsbooks and gambling sites helped the traditional industry to turn into the online sports betting we know today.
Now, it’s possible to bet from the comfort of your home.