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History & Culture · History · Place · 9 min

Monte Carlo Roulette

The casino that turned a tiny principality into the home of the single-zero wheel.

Short answer

Opened in 1863 under François Blanc, the Casino de Monte-Carlo made the European wheel the continental standard and gave roulette its most famous anecdotes, from Jagger’s biased wheel to the 26 blacks of 1913.

opened
1863
operator
François Blanc
26 blacks
18 August 1913
income tax abolished
1869

Why Monaco

In the 1850s Monaco was a bankrupt rock with a prince, a palace and no industry. Gambling was being outlawed across the German states, where the spa casinos had flourished. Prince Charles III granted a casino concession in 1856; the first attempts failed for lack of a railway and a road. François Blanc, who had made Bad Homburg famous, bought the concession in 1863, built the Société des Bains de Mer, lobbied for the railway from Nice, and named the new quarter Monte Carlo after the prince. The casino funded the state so thoroughly that income tax was abolished in 1869 and has never returned.

Bad Homburg and the Spa Casinos

The single zero as policy

Blanc brought the single-zerowheelZeroThe single green pocket that no even-money, dozen or column bet covers; the source of the house edge. Also: single zero, 0.Read full → wheel from Homburg. In Monte Carlo it was not a competitive tactic but the standard: every table, every day. Players from across Europe learned roulette at 2.70% and expected it elsewhere, which is why the double zerovariantDouble zeroThe 00 pocket of the American wheel. Its presence raises the house edge from 2.70% to 5.26%.Read full → survives only where Monte Carlo never set the norm.

Monte Carlo and the wheel
1856

First casino concession in Monaco. Fails: no road, no railway, few players.

1863

François Blanc takes over. Société des Bains de Mer founded.

1868

Railway from Nice opens. Visitors arrive by the trainload.

1869

Income tax abolished in Monaco.

c. 1880

Joseph Jagger finds a bias in the wheels and wins a fortune; the casino moves its wheels about, then replaces them.

1891

Charles Wells “breaks the bank” several times in a few days, with luck and a system he never explained.

1913

26 blacks in a row. The gambler’s fallacy gets its other name.

1933

Casino de Monte-Carlo loses its monopoly on Riviera gambling as French casinos reopen.

Roulette in EuropeEuropean Roulette

Breaking the bank

Each table had a cash reserve, the “bank”. When a player won more than the reserve, the table was draped in blackbetBlackEven-money bet on the 18 black numbers. French: noir.Read full → cloth while more cash was fetched: the bank was “broken”. It happened regularly and was excellent publicity; it did not mean the casino had lost money overall, only that one table’s float was exhausted. Charles Wells did it several times in 1891 with an extraordinary run, became a music-hall song, and lost part of it back that winter.

The Man Who Broke the Bank

The stories

Joseph Jagger’s biased wheellabBiased wheelA wheel whose physical defects make some pockets more likely than 1/37. Rare, detectable only with thousands of recorded spins.Read full → (around 1880), Wells (1891) and the 26 blacks (1913) all happened here, and each appears on its own page. The casino’s publicity department, which was ahead of its time, made sure every one of them was reported in the London papers. A legend of a place where fortunes were won sold more railway tickets than any honest account of the 2.70%.

storyyearwhat actually happenedlesson
Jagger’s wheelc. 1880a real bias, exploited with recorded data, fixed by the casinobias exists; so does maintenance
Wells breaks the bank1891luck and a secret system; lost part of it back that wintervariance, not system
26 blacks1913a 1-in-137-million run; players lost betting against itthe gambler’s fallacy
the black clothrecurringa table’s float exhausted, not the casino’spublicity

Monte Carlo today

The casino still runs, and roulette is still the center of the main salon, with single-zero wheels and French rules (la partageruleLa partageFrench rule: when zero hits, half of an even-money stake is returned. Halves the house edge on those bets to 1.35%.Read full → or en prisonruleEn prisonFrench rule: when zero hits, an even-money bet is held for the next spin instead of lost. Halves the house edge on those bets.Read full → on even money). The Société des Bains de Mer is still the principality’s main company. The Monte Carlo method in mathematics, named by Ulam and von Neumann in the 1940s after the casino, is what powers the simulators on this site.

En PrisonFrench Roulette

Questions

Can Monégasque citizens gamble at the casino?

No. They have been barred since the 19th century; the casino was for visitors.

Is the 26-black run documented?

It is reported consistently in later accounts; the casino’s own records from the period are not public. The probabilitymathProbabilityChance of an outcome, from 0 to 1 or 0% to 100%. One number: 1/37 = 2.70%.Read full → is consistent with it happening somewhere in fifty years of play.

Why is the simulation method called Monte Carlo?

Stanislaw Ulam’s uncle gambled there; the name was a code word for random sampling on the Manhattan Project.

Comic relief

The bank was broken often. The casino was never in doubt.

The bank was broken often. The casino was never in doubt.

Sources

  1. Schwartz, D. G. Roll the Bones: The History of Gambling. Gotham, 2006.
  2. Barnhart, R. T. Beating the Wheel. Lyle Stuart, 1983.
  3. Kavanagh, T. M. Dice, Cards, Wheels: A Different History of French Culture. University of Pennsylvania Press, 2005.
reviewed 2026-09-28model: European, single zeromethodology ↗sources ↗