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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.
Fans celebrate at the William Hill Sports Book in Atlantic City, N.J. Lisa Lake/Getty Images for William Hill US

Data from New Jersey is a warning sign for young sports bettors

Researchers who analyzed every sports bet placed online since 2018 found that young adults are the fastest-growing group of bettors, with more than 70% of them placing in-game bets.

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