Throughout history, betting has been a fundamental part of human culture, evolving from simple pastimes to sophisticated industries. Ancient civilizations engaged in various forms of betting, from wagering on chariot races and gladiatorial combat to dice games and rudimentary sports contests. As societies advanced, so did the complexity and diversity of betting practices.

In the medieval period, betting took on new forms, including betting on the outcomes of jousting tournaments, card games, and even the weather. These wagers often had social and cultural significance, reflecting the values and interests of the time.

The Renaissance era witnessed a surge in gambling establishments, from European saloons to Asian gambling houses, catering to nobles, merchants, and commoners alike. Games of chance like roulette, blackjack, and baccarat became popular, blending luck and strategy in equal measure.