What Is the Gambler's Fallacy? The 1913 Monte Carlo Story
The gambler's fallacy is the mistaken belief that an independent, equally probable outcome that has happened less often than expected is more likely to occur in the…
People & Ideas
The mathematicians, gamblers and ideas behind the games: probability, the gambler's fallacy and the men who broke the bank.
How a Gambling Problem Created Probability Theory: Pascal and Fermat
Probability theory grew out of a gambling question known as "the problem of points": when a game is stopped before anyone has won, how should the stakes be divided?
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The Man Who Broke the Bank at Monte Carlo: Who Was Charles Wells?
The man who broke the bank at Monte Carlo was Charles De Ville Wells, an English gambler and fraudster whose winning run at the casino in 1891 became the stuff of legend.
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Gambling Has Quite the History
Gambling has quite the history because it has a history that goes beyond recorded history.
The Art of Risk: Exploring Gambling Themes in Literature and Film
Discover how gambling serves as a metaphor for fate, ambition, and the human condition in classic literature and film.