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Articles on Sports betting

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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.

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