2023-10-30 19:43:15
The history of online betting, whether it is sports betting, casino betting or other types of betting, is much longer than you might think. By the end of 1900, there were several gambling houses, particularly in England, fully regulated by the government. They represented a period of great entertainment for the public, who gathered in large numbers in the gambling houses to play at the tables.
Over time, bookmakers have had to adapt to new technologies. The technology that has most marked a turning point, not only in the world of betting but also in the history of humanity in general, is undoubtedly the Internet. The web has pushed gambling houses to set up there as well, thus reaching a huge audience, which was unthinkable before and, of course, bringing the best online casino in Canada.
Who are the bookmakers?
The term is now commonly used in the world of gaming and betting enthusiasts. By this term we mean a natural person or an organization responsible for carrying out and guaranteeing legal sports or non-sport betting. There are obviously regulations in force which govern this type of profession and which vary from one country to another. In general, we can say that they must guarantee the regularity and seriousness of the betting movement.
If, in the past, bookmakers only intervened in the sporting field, this is no longer the case: you can bet on practically anything, such as the awarding of the Nobel Prize for Literature. It goes without saying that it is fundamental to ensure that the bookmaker you are speaking to is legally authorized to operate in the country through the sole body responsible for issuing a license.
A not-so-weird word
This compound word, when translated literally from English, means one who makes the book. The expression refers to the activity that the bookmaker carried out during the races: he recorded in a special book the sums bet and the amount to be paid for a given amount, then he created the book of sums from scratch, while his colleague, following setting the odds, invited the public to bet.
It can also be said that this profession arose so spontaneously that in the first horse race in which the ancestors of the bookmakers appeared, there was no money at stake, but food! With this race came one of the first sports bets ever recorded, an activity that new enthusiasts quickly joined, unaware that it would fuel the birth of the industry as we understand it today.
Intertops: the first online bookmaker in history
Few people know it, and rightly so: Intertops is the first online bookmaker in the history of gambling. In fact, online gambling first started in the form of casinos, the market that attracted the largest number of people at the time.
The first online betting sites were seen as early as 1995, but they had not yet fully launched their activities. Intertops is therefore the first online bookmaker to be officially recognized and regulated to be able to begin its activities on the web. In fact, 1994 was the watershed year for online gambling regulation, thanks to the Free Trade & Processing Act signed by Antigua and Barbuda.
Intertops was born in 1996 and was regulated by the Kahnawake Gaming Commission. It can therefore be defined as the first betting company to enter the great world of the web, which was taking off in those years and which, today, permeates practically all work activities, the economy, of society and culture.
Post-Intertops
Intertops kicked off the birth of online bookmakers, proclaiming a new frontier for gambling, which is no longer just physical but also online. More and more companies, even the largest, have decided to bet heavily on this new way of offering gambling games. Suffice it to say that by 1998 there were already over 100 online betting sites and in England the online versions of today’s impressive sites such as William Hill, Ladbrokes, Betfred and Coral have born.
Before 2000, online betting accounted for less than 1% of the entire gambling market. Just 15 years later, online bookmakers have dethroned the old physical methods to become the most popular way to play.
The paradox makes you smile: the first online bookmaker in history today enjoys very little popularity, but it was nevertheless the pioneer of a historic transformation, a step that had to be taken and which Intertops has had the courage to cross first!
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