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From ancient Roman sports betting on gladiator fights, to state-run lotteries in Ancient China, activities like these have been at the heart of our culture. While sports betting and lotteries have existed in Africa for thousands of years, coordinated governmental involvement has only occurred since the middle of the 20th century. The normalizing of sports betting and lotteries has the ability to not only transform the continental economy, but it also has the ability to increase peace amongst neighboring peoples and countries.
Origins of Sports BettingIn any sport, there are at a minimum, two competitors. What makes sports so exciting for billions of people is the rush of pride they get when their team or player competes against another competitor, usually of equal skill. When fans have ultimate belief in their team’s superiority, that their team will win no matter what, wagering on these events or matches becomes inevitable.