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History: The origins of sportsbetting

Learn all about the beginnings of sportsbetting and what defines it today.

approx. 3 min.
History: The origins of sportsbetting

Once upon a time ...

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Sport and sportsbetting have always gone hand in hand. People were already betting in ancient times.

Sportsbetting looks back on a long history. As early as ancient times, people are said to have wagered on the outcome of sporting events. The Olympic Games were particularly popular and, according to tradition, date back as far as the 2nd millennium BC.

The disciplines at that time were not as varied as today, but even back then people were already running, jumping, throwing, or riding.

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Speaking of riding ...

Horse racing bets have always been very popular, and there is evidence that wagers on race outcomes were already being placed in the 16th century AD. However, it was not until the 18th century in England that the golden age of horse betting began.

In 1776, the St. Leger Stakes was held for the first time in Doncaster, England. At that time, it was mainly the upper classes who took an interest in the races, as only they could afford to bet.

With these races, the craft of the bookmaker also developed. Initially not legal but tolerated, the business was officially legalized in England in 1961.

King Football takes the stage

When the first football clubs were founded in England in the mid-19th century, the creation of cup competitions inevitably followed. This marked the starting point not only for the sport in its modern form but also for football betting.

Modern football quickly spread across the continent, and by the end of the 19th century the first German clubs had been established, naturally organizing their own championships among each other. For sports bettors, these were perfect conditions to pursue their passion.

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Football is today the most popular sport for betting in Germany.

And then came the internet

Betting shops had existed long before the internet – whether as mobile stands in front of stadiums or as stationary outlets – but it was only with the internet that sportsbetting became accessible to a wide audience of sports fans.

By the mid-1990s, the first bets were being placed online, and betting providers were able to expand their customer base. Thanks to the World Wide Web, it became easier and more convenient to place bets, since people no longer had to go to the stadium or a betting shop. The online payment options provided by the internet also made it significantly easier to place wagers.

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The latest development

With the rise of smartphones, live betting was introduced as another feature in the portfolios of betting providers. Now it became possible to place a bet during an ongoing match or competition – all from the comfort of home. This significantly increased the entertainment value of sportsbetting, and today live betting is an indispensable part of the betting world.

With the granting of the first sportsbetting licenses in Germany in 2020, sportsbetting became fully legalized. MERKUR BETS holds this license, and here you can bet on more than 70 different sports today. These include classics like football and tennis, but also sports such as Formula 1 and baseball.

There are also numerous betting types available. In addition to the classic bet on who wins the match, you’ll find combo bets, system bets, head-to-head bets, and handicap bets.

What are you waiting for?

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