In 1873, the Englishman Joseph Jaggers made the first famous biased wheel attack against the Monte Carlo casino. His background was in engineering, working at a cotton mill in Yorkshire. This mechanical background made him wonder whether roulette wheels were perfectly balanced or just as subject to wear and tear as his cotton mills. His hunch was that there would be a natural tendency to deviate from perfect outcomes. To investigate his theory, Jaggers recruited a team of six clerks to clock the six roulette wheels at the Monte Carlo casino. For 6 days straight, the team of clerks recorded every roulette result. Jaggers himself would then subject the results to statistical testing to check whether the results were truly prefect and random. Five of the six roulette wheels were close to random but a sixth wheel showed significant bias. A string of nine numbers, closely connected on the wheel were showing up far more often than a random wheel would suggest. This opened the opportunity for Joseph Jaggers to make his biased wheel attack |
By betting only on the numbers showing bias, (7, 8, 9, 12, 17, 18, 22 ,28, 29) Jaggers made $70,000 on his first day. He continued his attack until the fourth day at which time he had amassed a profit of $300,000. |
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