It is the dream of every gambler to have a system; a system that
allows him to take a casino for a considerable amount of money. For
some people, it was no dream...
Albert R. Hibbs was a noted mathematician. In 1949, he and fellow
graduate student Roy Walford, took time away from school and went to
Nevada. Their aim was to study the roulette wheel bias of Las Vegas
and Reno casinos, then exploit that mathematical "edge" and win big.
They were said to have made over $42,000. in their schemes.
The idea of a biased wheel is not new. Because some roulette wheels
are not properly balanced, the ball is often thrown into some areas
more than others; more than random mathematical probability. By
studying the wheel and it's results for a long period, certain numbers
show a higher percentage of winners than others, and they are bet upon
more frequently by those who gather and analyze this information.
Joe Jagger was a British engineer who, in the late 1800's, earned the
title of: The Man Who Broke the Bank at Monte Carlo. (Yes, he is a
distant relative of Mick Jagger.) Another gambler and possibly more
famous still, was Charles Wells. He too had the title. Both gamblers
found and exploited biased roulette wheels in Monte Carlo's famed
"Casino." Wells was also a con man responsible for bilking hundreds of
people on bogus inventions. He died broke in France, after having
spent several prison terms in two different countries....
http://groups.google.com/group/roulettexob
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