Since the very beginning of sports there has also been sports betting. Some sports have grown and flourished entirely on the back of sports betting. Boxing has become a popular betting and gambling sport since ancient times. Sports gambling is heavily regulated by governing organizations today. Sports betting is illegal in some states in the United States while others are now allowing it. You can find legal sports gambiling in Las Vegas, Nevada. Like any form of betting, there is a risk associated with losing. It is important to understand the risks and never bet more than you're willing to lose. Nevertheless, sports betting is a critical component of the sports world.