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In 1850, Leviathan Davis and Fred Swindell opened the first betting shop in London. As a result, their clients had to rely on the honesty and decency of the bidders. The activities of bookmakers in those years were not regulated by law. Similar organizations soon appeared in France, the United States and other countries. For a long time, betting was developed on the racetracks: racing was then the most popular entertainment on both sides of the Atlantic Ocean. The odds were set between the bet and the win of each horse: thus the first odds appeared.

Richard Tattersaul first began taking bets in 1766 and William Ogden in 1790.

The evolution of betting and gambling was on its way, and its natural stage was the emergence of bookmaking. In 1710, Queen Anne of England declared debts at «a matter of honour» without legal consequences. King Louis I of France issued an edict in 1254 forbidding gambling on the territory of the country on pain of whipping. Later European monarchs issued decrees attesting to the development of gambling and gambling. Even then, in the third century BC, gambling was banned, but sports betting was allowed. In the harsh Roman law there was a law called Lex aleatoria (from alea – dice), considered the first law on betting. In ancient Rome, gladiator fights were common, and spectators in the arenas argued for the victory of their favourite. There was also a set of rules for taking bets. Archaeologists have found fragments of manuscripts that indicate that around the fifth century BC and the first prototype of the tote appeared. People then most often bet on the outcome of gladiatorial battles, races, and chariot races.

The first Olympic Games in Ancient Greece took place in 776 BC. The first sporting events began in antiquity. There was no money in those days, and the bet was on material things – weapons, household utensils, cattle, and later, in the slave trade, and slaves. People have been arguing with each other since they lived in caves.

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