Bascom has been inducted into several rodeo, cowboy and sports Halls of Fame in Canada and the United States. He received international publicity for his rodeo equipment inventions and designs. Earl's brothers – Raymond "Tommy" Bascom, Melvin "High Pockets" Bascom and Weldon "Preacher" Bascom, along with their father John W. Bascom – were also professional rodeo cowboys and Hall of Fame inductees. Rodeoing financed Earl Bascom's college education at Brigham Young University where he was given the title of "Rodeo's First Collegiate Cowboy" and from which institution he graduated in 1940.