Footwear Co. President Wins $1.23m through Roulette

Pedro Grendene Bartelle, a Brazilian businessman and president of the footwear company Vulcabras-Azaleia, has won a roulette bet worth $1,225,000. Bartelle was playing roulette with friends at Hotel Conrad in Punta del Este, located on the Uruguay coast. He put $35,000 worth of chips on number 32, then encouraged his friends to do the same. […]

footwear-president-roulette-winPedro Grendene Bartelle, a Brazilian businessman and president of the footwear company Vulcabras-Azaleia, has won a roulette bet worth $1,225,000.

Bartelle was playing roulette with friends at Hotel Conrad in Punta del Este, located on the Uruguay coast. He put $35,000 worth of chips on number 32, then encouraged his friends to do the same.

Confident in his wager, Bartelle talked to people in the crowd while sipping wine and waiting for his bet to play out.

This is no doubt a very risky strategy, given that a single number bet only has 36:1 odds of winning on a European roulette wheel. But the payoff is also big since one can win a 35:1 payout.

The wheel stopped on number 32, which sent Bartelle and his friends into a celebratory frenzy as they huddled together and danced in a circle.

The celebration was more about beating the odds than the actual money since Bartelle is already a very wealthy man. After all, Vulcabras-Azaleia is the third-largest shoe company in Latin America, behind Brazilians Alpargatas and Grendene.

The latter is owned by Bartelle’s uncle, Alexandre Grendene Bartelle, whose net worth is estimated to be around $1.4 billion. Alexandre just recently joined the billionaire’s list in 2014 and is easily one of Brazil’s wealthiest men.

As for Pedro Grendene Bartelle’s company, Vulcabras-Azaleia is quickly rising and generates almost $750 million each year in sales. They also employ nearly 35,000 people.

Besides running a highly successful company, Bartelle will also go down as one of the biggest single-number winners ever.

Another is actor Sean Connery, who once visited Italy’s Casino de la Vallee in 1963 and made three straight bets on the number 17. He won every time, leaving the casino with $27,000 (approx. $213k today).

 

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