TheConversationUS on Nostr: The first commercial gambling operations emerged – by chance or not – at the same ...
The first commercial gambling operations emerged – by chance or not – at the same time as the study of mathematical probability in the mid-1600s.
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.
https://theconversation.com/how-the-18th-century-probability-revolution-fueled-the-casino-gambling-craze-228347
#Math #History
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.
https://theconversation.com/how-the-18th-century-probability-revolution-fueled-the-casino-gambling-craze-228347
#Math #History