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The Gaming Table by Andrew Steinmetz

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 CHAPTER XIII. page 15

Until the year 1800 the drawing of the lottery (which usually
consisted of 60,000 tickets for England alone) occupied forty-two
days in succession; it was, therefore, about forty-two to one
against any particular number being drawn the first day; if it
remained in the wheel, it was forty-one to one against its being
drawn on the second, &;c.; the adventurer, therefore, who could
for eight-pence insure the return of a guinea, if a given number
came up the first day, would naturally be led, if he failed, to a
small increase of the deposit according to the decrease of the
chance against him, until his number was drawn, or the person who
took the insurance money would take it no longer.

 

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