NODE 56a45be2Re: Laundering money through commodity futures
gtoal@an-teallach.com (Graham Toal)Mon, 18 Apr 94 10:24:12 PDT
: > there was a popular song in the (1910's? 1920's?) called 'the man who
: > broke the bank at monte carlo' and I do recall reading (in a book of
: Short of actual references, this remains an urban legend. Even if
: demonstrated, it doesn't necessarily mean anything about the practical
: application of doubling and similar strategies.
I have a reference to that somewhere, but I'll save us all the bother
of looking it up. The song was based on a guy (I think he was an
engineer) who noticed a slight imbalance on one of the wheels, giving
him a minor advantage which he parlayed up by long and boring repetitive
bets on numbers at that side of the wheel.
It wasn't a Martingale system.
G
NODE 3bd80bf0Re: Laundering money through commodity futures
Eli Brandt <ebrandt@jarthur.cs.hmc.edu>Mon, 18 Apr 94 21:31:44 PDT
> The song was based on a guy (I think he was an
> engineer) who noticed a slight imbalance on one of the wheels [...]
Claude Shannon, for one, though not in the 20's. Taking advantage
of the imbalance is a little more complicated than betting on one
side of the wheel, but ascii diagrams are tedious to make.
Roy Walford made some money on roulette, too.
Eli ebrandt@hmc.edu