Freakonomics Radio

Snapshot · Freakonomics Radio

677. Can Backgammon Save Us from Ourselves?

Explore episode Jun 12, 2026

Where this was said

Gambling as Virtue: Mark Olsson's Contrarian Take

At 35:18 · chapter starts 34:20

Asked about his view that gambling can be a virtue rather than a vice, Olsson draws a clean conceptual line: at a roulette table, you have zero control over outcomes, and there is nothing to learn or improve. In backgammon, poker, or sports betting, an informational edge is achievable through analysis and work — and the market punishes bad decisions immediately. This instant feedback loop, Olsson argues, hardens a player's mental resilience, teaches them to manage stress and misfortune, and rewards sustained effort. He connects this to backgammon's deeper evolutionary history: humans have played dice games for roughly as long as dice have existed, and backgammon in particular evolved over millennia into what Olsson calls a 'perfect equilibrium style of game' — not too long, not too short, with exactly the right luck-to-skill ratio. He teaches his son to play for all these reasons.

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