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The psychology of speculation

Note 1 — NOBODY LOVES A BEAR

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At Monte Carlo the roulette wheels have only one cipher, but at the end of each turn of the wheel the person (or persons) playing on the winning number usually contributes a disk (or one thirty-fifth of the amount won) to the croupier’s “box,” which amounts to about the same thing as having two ciphers, without this customary gratuity. It is said that one-half of the amount of these voluntary contributions goes to the corporation, and the other half pays for the entire upkeep of the establishment, including the salaries of the croupiers and other attaches. The same disks are used by all players, and a winner who persistently ignores the “box” is not apt to be favored by the croupier when another player claims his winning bet, as often happens.

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