for tony, adapted text - The modern Raith Rovers were founded in 1883 in the town of Kirkcaldy, playing at Robbie's Park. Though there were other teams who incorporated the town name, such as Kirkcaldy Wanderers and Kirkcaldy United, Raith became the most successful of the local teams, winning five trophies in the 1890s
There had been a much earlier (and unrelated) Raith Rovers which merged with what is now Cowdenbeath in 1882.
Although it lends its name to many entities in the region, Raith is not itself a settlement, more a collection of features bearing the na,e.
A Raith Rovers victory in the 1960s led to a famous BBC commentator's blunder that the fans would be "dancing in the streets of Raith tonight". Although commonly attributed to Englishman David Coleman, this was actually said by Scotsman Sam Leitch.
Following an infamous 'Oh Feck' from that ginger git, Archie Macpherson, a stalwart of the Beeb soccer reporting, after Bobbie Lennox put a ball over the Rangers goal from a yard out in a League game that resulted in his BBC suspension, Leitch made the ignoramus comment when Raith managed to beat Rangers in the League Cup.
However, meanings of Raith (Scottish Gaelic: rath, "fort" or "fortified residence") as an area once stretched from south of Loch Gelly as far as Kirkcaldy and the Battle of Raith is said to have been fought here in 596 AD. Raith House and Raith Tower sit on Cormie Hill to the west of Kirkcaldy and several parts of the town are built on land formerly of the Raith Estate.
Hope that you are wiser.