1921

Two Minnesotans each wagered $5,000 (about $67,000 today) on a new Fort Scott, Kansas oil well not producing 25 barrels the first day. Twenty-seven Kansans pooled the same amount and bet the opposite. The latter group won and was paid.

The losers, however, alleged that water had been mixed with the oil to reach the 25-barrel mark and took the case to court, hoping to recoup their $10,000.

Instead, all 27 men were charged with illegal gambling as such activity was prohibited in Kansas then.

Photo from freeimages.com: by Julie Elliott-Abshire

Rhyolite, Nevada in the 1920s

1908

Johnny-Behind-the-Gat bet more than he should’ve.

He was a prospector and miner said to have little common sense, a big temper and a penchant for using his weapon to solve disputes.

John Cyty (his real name), in a 12-hour roulette game, bet and lost $75,000 worth of shares (a roughly $2 million value today) of his company, the Big Bell Mine Co. in Death Valley, California. In doing so, he ceded control of the business to C.E. Jones, the owner of the Stock Exchange gambling rooms in Rhyolite, Nevada, just across the border from the mine.

Photo from Utah State University’s Special Collections, Merrill-Cazier Library