Whatever the moral aspect of Monte Carlo is or is not, there is no doubt but that it is one of the best paying enterprises in the amusement world, else how could M. Blanc have lived in a palace which kings might envy, and have kept the most famous string of race-horses in France. Certainly not out of a “losing game.” He himself made a classic bon mot when he said, “Rouge gagne quelquefois, noir souvent, mais Blanc toujours.”
M. Blanc was a singularly astute individual. He knew his game and he played it well, or rather his tables and his croupiers did it for him, and he even welcomed men with systems which they fondly believed would sooner or later break the bank, for he knew that the best of “systems” would but add to the profits of the bank in the long run. He even answered an inquisitive person, who wanted to know how one should gamble in order to win: “The most sensible advice I can give you is—‘Don’t.’”
One reads in a local guide-book that the chances between the player and the bank, taking all the varieties of games into consideration, is as 60 to 61, and that the winnings of the bank were something like £1,000,000 sterling per year. This would seem to mean that the players of Europe and America took £61,000,000 to Monte Carlo each year, and brought away £60,000,000, leaving £1,000,000 behind as the price of their pleasure. The magnitude of these figures is staggering, and so able a statistician as Sir Hiram Maxim refuted them utterly a couple of years ago as follows:
“If the bank actually won one million sterling a year, and its chances were only 1 in 60 better than the players, it would seem quite evident that sixty-one millions must have been staked. However, upon visiting Monte Carlo and carefully studying the play, I found that instead of the players taking £61,000,000 to Monte Carlo, and losing £1,000,000 of it, the total amount probably did not exceed £1,000,000, of which the bank, instead of winning, as shown in the guide-book, about 1½ per cent., actually won rather more than 90 per cent.; therefore, the advantages in favour of the bank, instead of being 61 to 60, were approximately 10 to 1.”
This ought to correct any preconceived false notions of percentages and sum totals.
The law of averages is a very simple thing in which most people, in respect to gambling, and many other matters, have a supreme faith; but Sir Hiram disposes of this in a very few words. He says: “Let us see what the actual facts are.
“If red has come up twenty times in succession, it is just as likely to come up at the twenty-first time as it would be if it had not come up before for a week. Each particular ‘coup’ is governed altogether by the physical conditions existing at that particular instant. The ball spins round a great many times in a groove. When its momentum is used up, it comes in contact with several pieces of brass, and finally tumbles into a pocket in the wheel which is rotating in an opposite direction. It is a pure and unadulterated question of chance, and it is not influenced in the least by anything which has ever taken place before, or that will take place in the future.”
Thus vanish all “systems” and note-books, and all the schemes and devices by which the deluded punter hopes to beat M. Blanc at his own game. It is possible to play at “Rouge et Noir” at Monte Carlo and win,—if you don’t play too long, and luck is not against you; but if you stick at it long enough, you are sure to lose. There was once a man who went to Monte Carlo and played the very simple “Rouge et Noir” in a sane and moderate fashion, and in three years was the winner by twenty-five thousand francs. He returned the fourth year, and in three weeks lost it all, and another ten thousand besides. He gave up the amusement from that time forward as being too expensive for the pleasure that one got out of it.
As a business proposition, the modestly titled “Société Anonyme des Bains de Mer et Cercle des Étrangers” (for it is well to recall that the inhabitants of Monte Carlo are forbidden entrance, their morals, at least, being taken into consideration) is of the very first rank. It earned for its shareholders in 1904-05 the magnificent sum of thirty-six million francs, an increase within the year of some two millions. It is steadily becoming more prosperous, and the businesslike prince who rents out the concession has had his salary raised from 1,250,000 francs to 1,750,000 francs per annum, on an agreement to run for fifty years longer.
By those who know it is a well-recognized fact that the bank at Monte Carlo loses more by fraud than by any defects in its system of play. From the pages of that unique example of modern journalism, “Rouge et Noir—L’Organe de Défense des Joueurs de Roulette et de Trente-et-Quarante,” are culled the two following incidents: