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Whether winning or losing huge amounts, they had to, above all, look cool and unperturbed while chance had its way with them. Today's casinos preserve some facets of gambling as performance.
The dramas that unfold nightly at the tables, however, reflect our own contemporary relationship to money. We're no longer pretending money doesn't matter, but looking to make sense of how deeply it does.
Yet we do this counter-intuitively, by staking our labor on the turn of a card, showing each other how easily all of our hard work can be reduced into a game.
I've witnessed no greater joy at a casino than when the blackjack dealer is the only one to bust and the whole table wins.
Together, our little group beat the system. Money feels light as air and we are reminded that, despite guiding so much of our lives, it's just an abstraction.
Yet the thrill of winning is coupled with a deeper and stranger pleasure: We might for an instant rise or be brought low, but we'll never escape the perpetual cycle of gain and loss.
The truly wealthy can never share in this pleasure. With nothing left to dream about, they can't enter the magic circle — which is why the rich tend to gamble privately and offstage.
When you do spot them you see that their play is joyless and neurotic. While researching the history of Monte Carlo I spent hours betting the minimum on red at roulette, so that I could hang around and soak up the casino atmosphere.
One day an orange man wearing a salmon shirt with a white cashmere sweater draped over his shoulders sidled up next to me and casually put a 5,euro bet next to my own euro chip.
He lost, shrugged, and went off to his next sad diversion like an aristocrat of old, but his indifference evinced not a noble bearing, but only apathy and alienation.
The rest of us keep merrily rolling the dice alongside our fellow suckers, reenacting the mad, magical thinking that drives the whole empty show of capitalism in the first place.
We come to casinos not to win or to lose but to collectively break even. We find a certain solace in that. Casinos are spaces that remind us that, for better or worse, we're in this together.
Mark Braude, author of "Making Monte Carlo: A History of Speculation and Spectacle," teaches history at Stanford.
So why do the wheels keep spinning?