Like that team, our final big winner also used brain power and complex mathematicalmodels to beat the house advantage.
Gonzalo Garcia-Pelayo noticed that you could in fact develop a Roulettestrategy, based on small biases on individual wheels, which would pay out in the long run.
Now, we allknow that hustling the casinos wasn’t going to end well for Gonzalo, but after he finished up, clearingout Las Vegas, he had more than enough money to pay for the lawsuits.In the early 90s, Gonzalo, a recordproducer at the time, began watching theroulette wheels in his native Madrid.
As an avid mathematician, it soon became apparent to him, thatcertain numbers were coming up more frequently than others; and that if he could work out which numbersthey were, a strategy could be devised to predict the outcomes of a spin. The notion was based upon thefact that each wheel is unique, each would have their signatures, and each would need to be studied indetail over many weeks and months.
To help him in this task, Gonzalo recruited his family to compiledata about the wheels which he inputted into a computer program of his own devising. This program gavehim theArmed with this knowledge, Gonzalo first set about cleaning out the casinos in Madrid.
How muchhe actually won in Madrid varies depending on which article you read, but at the Casino Madrid alone,he is said to have walked away with the equivalent of $1 million, before the casino realized he was beatingat them their own game. After his reign came to an end in Spain, he took on the ultimate mission: toclean out Las Vegas.statistical distribution of the wheels and allowed him to pinpoint ‘hotspots’on them.
Being caught out in the world of the Vegas casinos means your name goes into the Griffin bookand you’ll be blacklisted. So Gonzalo and his team had to be careful.
They took precautions to blendin as tourists and ensure the same staff didn't see them too often at the tables. By the time Gonzaloand his family had finished in the US, they retired with an estimated fortune in excess of $2 million,on top of the unknown amount he made in Spain.
Much like our previous story, the fact that Gonzalo hadin effect cheated the system, meant that he was open to a number of lawsuits. These began in the mid-90sand were kept out of the media spotlight, so the outcomes were unknown, but we are betting he lost muchof his fortune to this.To know that he successfully beat the system with the help of his family was muchmore important to Gonzalo than anything else. So we’ll leave you with his parting words:
“It’s not about how much we won, but about how we won it.”