Roulette Legend Richard Jarecki Passes Away – Won $8 Million

Dr. Richard Jarecki, one of the best roulette players of all time, passed away recently. The man who won millions playing roulette died at age 86 after a bout with pneumonia. Keep reading to find out more about this roulette legend along with how he won $8 million through roulette. Who was Richard Jarecki? Richard […]

Dr. Richard Jarecki, one of the best roulette players of all time, passed away recently.

The man who won millions playing roulette died at age 86 after a bout with pneumonia.

Keep reading to find out more about this roulette legend along with how he won $8 million through roulette.

Who was Richard Jarecki?

Richard Jarecki was born in Germany in 1932. But he and his Jewish family were forced to vacate the country when the Nazis rose to power.

He grew up in the United States and graduated from Duke University. Jarecki and his wife moved to Germany in the 1960s, where he began studying at the University of Heidelberg.

It’s here where Dr. Jarecki became a gambling aficionado. He started frequenting casinos in many European hot spots like Monte Carlo, Baden-Baden (Germany), and Italy.

What were Dr. Jarecki’s Roulette Accomplishments?

By the late 1960s, Jarecki figured out a way to beat roulette. This is an incredible accomplishment considering that roulette is normally a game of random chance.

He would go on to make $1.2 million in profits over the next several years — or $8 million when adjusted for inflation. He was so feared that Italian casinos eventually banned him.

How did Richard Jarecki Beat Roulette?

Jarecki used a technique called wheel bias, where one looks for wheels that favor certain numbers. After all, roulette wheels can wear down and eventually become biased to certain numbers and/or sections.

Wheel bias sounds easy in theory, but it actually requires a lot of painstaking work. You have to observe a wheel for thousands of spins and record each result. Afterward, you must analyze the data to see if certain numbers appear more frequently than others.

Jarecki put this time in and was able to find biased wheels in Italy. He then used his knowledge to make what amounts to $8 million today.

While he passed away on July 25, Jarecki will live on forever as one of the greatest roulette players.

 

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