Sports betting is considered to be a form of gambling. Billions of dollars circulated in sports betting industry annually. Great sporting competitions (for example, the World Series and the Super Bowl) attract millions of bettors which leads to billions of dollars in bets. Since the appearance of first sports, there have been people who were eager to wager on the results of games. At first, people used to bet at horse races or cockfights. It was not only the way of getting some money but the way of entertainment as well. The beginning of sports bettingWhat concerns the first steps of bookmaking, in particular, sports betting, one should...