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Articles on Gambling

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The spinning wheel game ‘EO’ became popular after statutes banned gambling with devices featuring ‘numbers or figures.’ Heritage Art/Getty Images

How the 18th-century ‘probability revolution’ fueled the casino gambling craze

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.
Fyodor Mikhailovich Dostoevsky – Vasily Perov (1872). Public domain, via Wikimedia Commons

How Dostoevsky overcame his gambling addiction

Dostoevsky’s sudden recovery from his gambling mania is an example of how a chance happening can change everything

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