£7 million lost to gambling misery
Some people take on the demons of alcohol. Some take on drugs. Others risk it all on gambling. Few take on all three. Paul Merson is one of the latter. Cocaine addict, alcoholic and compulsive gambler - an unhappy hat-trick of misery.
Related Gambling News:
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- End misery of poker machines
- Barkley says he’s lost $10 million gambling
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Casino gambling information:
- The word Casino originally meant a public hall for music and dancing. By the second half of the 19th century, the term essentially meant a collection of gaming or gambling rooms. The classic example of a casino, is the casino at Monte-Carlo, which was opened in 1861.
- People earning $10,000 per year gamble more than twice as much money as people earning $30-40,000 per year. People earning $10,000 per year gamble four times as much money as those making $80,000 or more per year.
- Many casinos in Nevada were financed by mobsters. Most notable perhaps was Las Vegas' Flamingo which was opened in 1947 by Bugsy Siegel.
- The first games that we would recognize as modern roulette were introduced in Paris casinos around the end of the 18th century. In the mid 19th century the single zero game was invented in France, this reduced the casino's edge thereby increasing the odds of the player.
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