Other Definitions
monte carlo (dict)
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Monte CarloMonte Carlo is a very wealthy town in the country of Monaco known for its casino, gambling, beaches, glamour, and sightings of famous people. Monte Carlo is home to most of the Circuit de Monaco, on which takes place the Formula One Monaco Grand Prix; it also hosts world championship boxing bouts, fashion shows and other events. Monte Carlo has for decades been visited by royalty as well as commoners and movie stars. James Bond, fictional British spy and hero of the James Bond movie series, frequented the city's glamorous, Edwardian casino. In 1873 Joseph Jaggers became "the man who broke the bank at Monte Carlo" by discovering and capitalizing on a bias in one of the casino's roulette wheels. Technically the bank in this sense is the money held by the croupier: according to an article in The Times in the late 19th century, it was thus possible to break the bank several times. Many people think that Monte Carlo is the capital of the country Monaco, but Monaco-Ville is the official capital.
In statistics, the Monte Carlo method is a class of sampling algorithms. The name stems from the city's association with gambling.
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