Gambling History

In March 2006, the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with ­million-dollar stakes. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken Griffin, who was the tough-as-nails head of Citadel Investment Group. There, too, were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR Capital Management, and Boaz Weinstein, chess “life master” and king of the credit-default swap.

Aubrey Clayton traces the history of how statistics went astray, beginning with the groundbreaking work of the 17th-century mathematician Jacob Bernoulli and winding through gambling, astronomy, and genetics. Clayton recounts the feuds among rival schools of statistics, exploring the surprisingly human problems that gave rise to the discipline and the all-too-human shortcomings that derailed it.

In this groundbreaking look at the Cuban Missile Crisis, Martin Sherwin not only gives us a riveting sometimes hour-by-hour explanation of the crisis itself, but also explores the origins, scope, and consequences of the evolving place of nuclear weapons in the post-World War II world. Mining new sources and materials, and going far beyond the scope of earlier works on this critical face-off between the United States and the Soviet Union — triggered when Khrushchev began installing missiles in Cuba at Castro's behest....

The pro football season of 1963 was dominated by the unexpected. In April, months prior to the beginning of play, it was revealed that two All-Star players, Paul Hornung and Alex Karras, were gambling on the sport and would be suspended from play for at least a year. Even worse, in May, one of the league’s bigger-than-life personalities, Big Daddy Lipscomb, was found dead, with police saying he perished from a heroin overdose, something those who knew him best still dispute.

After the 2008 financial crisis, investment banks and other professional investors had the edge when it came to bailouts and stock trading. The crisis also ushered in a wave of new small-scale retail investors who were hell-bent on crushing the big guys by using social media channels to connect, share ideas, promote stocks, and reap the rewards—Robin Hood-style. But did the meme short squeeze stand a chance in a rigged playing field? This concise, definitive account of a daring Wall Street heist exposes a fight to the death against a fraudulent system.

Gambling captures as nothing else the drama of the "long eighteenth century" between the age of religious wars and the age of revolutions. The society that was confronted with games of chance pursued as commercial ventures also came to grips with unprecedented social mobility, floated by new wealth from new sources created fortunes from trade in sugar, cotton, ivory, silk, tea, or enslaved human beings. The Gambling Century focuses like no previous work on those who enabled, facilitated, and profited from gambling, as well as on efforts to regulate or outlaw it.

Over half of the population gambles in the UK every year. How did we get here? What keeps us hooked when the odds are so heavily stacked against us? And who are the real winners and losers? Jackpot dives deep into gambling's seedy underbelly to answer these questions, and many more. From the first National Lottery draw in 1569 to the Wild West of today's online casinos, Guardian reporter Rob Davies follows the money to show who profits—and at what cost.