History

Parimutuel Betting and the Tote

Explore the history and significance of Parimutuel Betting and the Tote in the context of sports betting.

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The Group of Copenhagen

Explore the history and significance of The Group of Copenhagen in the context of sports betting.

The Invention of the Point Spread

The **Point Spread** was invented in the 1940s, primarily credited to Chicago mathematician and bookmaker **Charles K. McNeil**. Before this innovation, sports betting relied on fixed-odds moneylines, which stifled liquidity on lopsided matchups. McNeil's system replaced adjusting the *payout* with ...

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History

The 'Official Data' Mandate and Antitrust Concerns

Explore the history and significance of The 'Official Data' Mandate and Antitrust Concerns in the context of sports betting.

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