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The House Edge: How the Mob Built Modern Sports Betting | Sleep History
Tonight, the long and largely illegal road that runs from the back-room bookmaking parlors of the eighteen hundreds to the sports betting app glowing on your nightstand.
This is the story of the men who built the machinery of modern sports gambling; almost none of whom ever did it with a license. The ledger and the overround. The telegraph wire that turned a horse race a thousand miles away into a live betting market. Arnold Rothstein, the Black Sox scandal, and the blueprint he left behind. Moses Annenberg, the newspaper circulation man who became one of the richest and most feared figures…
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