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A Video Game That Became an Unregulated Casino In 2013, Valve Corporation added a small cosmetic feature to Counter-Strike: Global Offensive — weapon skins that changed the visual appearance of in-game guns without affecting how they played. Valve added skin drops to CS:GO in the hopes that players would trade them, form communities, and populate … Read more
A Loss That Feels Like Something Else Pull a slot machine lever and watch two cherries line up on the payline while a third lands one position above it, and something strange happens in your brain. You lost. You know you lost. And yet the experience does not register the way an ordinary loss does. … Read more
A Video Game That Became an Unregulated Casino In 2013, Valve Corporation added a small cosmetic feature to Counter-Strike: Global Offensive — weapon skins that changed the visual appearance of in-game guns without affecting how they played. Valve added skin drops to CS:GO in the hopes that players would trade them, form communities, and populate … Read more
A Common Misunderstanding, Repeated for Years Ask most sports fans what happened in May 2018, and they will tell you the Supreme Court legalized sports betting. It is the phrase you hear in every sportsbook commercial, every news segment about a new state launch, every casual conversation about why you can now bet on football … Read more
A System So Elegant the House Cannot Lose Most gambling systems require the house to take a position on an outcome. A casino pays out on roulette whether the ball lands on red or black. A sportsbook wins or loses depending on which team covers. Pari-mutuel betting, the system that governs virtually all horse racing … Read more
A Daily Bet That Built an Empire in Plain Sight The Numbers game has always been illegal. It was invented in Harlem, New York City, about a century ago, 40 years before legal state lotteries. Bets were taken in person then, and players gambled on digits drawn from unpredictable clearinghouse totals, the records of exchanges … Read more
