We always want to find patterns in sequences of events – but often they aren’t really there.
Articles on Roulette
Displaying all articles
Early writers on probability had explained how the ‘house advantage’ didn’t need to be large for a gambling enterprise to profit enormously. But gamblers and gambling operators were slow to catch on.
On December 30, 1967 the UK’s highest court drew a line in the sand over the rise of casinos. Here’s what happened next.
Top contributors
-
Professor of Economics and Finance. Director of the Betting Research Unit and the Political Forecasting Unit at Nottingham Business School, Nottingham Trent University
-
Professor of History, University of Montana
-
Associate Professor and Principal Fellow in Urban Risk and Resilience, The University of Melbourne