Betting on sports is perhaps as old as the history of sports itself. The need of the person to possess a reprieve from the monotony of his routine life made him innovate on recreational activities that lead to the birth of rule bound and structured sports and games of today. The most popular and age-old sports betting known to the civilization may be the horse races. Races generated much enthusiasm and competitive spirit, leading to many millionaires becoming bankrupt or a few making millions overnight. Sports betting, going for a cue from the races grew fast. First it emerged as a past time, and later as one of the most popular speculations on and off the field.

The proliferation of the net brought new dimensions to sports betting by introducing the concept of betting online sports bookie. Today there is practically no sports or games outside the purview of online betting.