Saturday, September 5, 2009
Thursday, March 5, 2009
The Man Who Broke The Bank
In 1873, Joseph Jagger, an engineer from Great Britain, recorded the results of six roulette wheels at Monte Carlo. He eventually discovered a serious bias in one of the wheels that caused certain numbers to come up more frequently. Jagger used his knowledge to win millions of Francs. Jagger lost some money back when the casino rearranged the wheels, but Jagger found his wheel anyway. Ultimately the casino was able to stop Jagger, but not before he earned the title of "The Man Who Broke the Bank at Monte Carlo."
Do you think it's possible to "beat" the casino?
Using probabilty concepts, share your views here.
Read more here
Do you think it's possible to "beat" the casino?
Using probabilty concepts, share your views here.
Read more here
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