Money Dwindles for Losers at WSOP

In golf, it’s called making the cut. In poker, it’s called being in the money _ and at the World Series of Poker, it means the difference between a player winning back some of a $10,000 buy-in, or going home …

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Fri, August 4th, 2006

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Interesting gambling information:

  • 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.
  • Pathological gambling is recognized as a medical disorder by the American Psychiatric Association and has elements of addiction similar to alcohol and drug addiction.
  • By the 18th and 19th centuries a dice game called Hazard had become popular in England and was played by the aristocracy in private gambling houses.
  • As early as 1420, lotteries were used in Europe for public works. High-value commodities such as land and art were often sold through lotteries.