The Man Who Broke the Bank at Monte Carlo

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In this video:

The Casino de Monte-Carlo is one of the most famous gambling establishments on Earth and as a result is often referenced in various forms of media. Perhaps the most well-known mention of the casino is the song, The Man Who Broke the Bank at Monte Carlo. But who was this mysterious gambler and how exactly did he break the bank?

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Source:

https://books.google.co.uk/books?id=Oi3ZDVlJnAYC&pg=PA219&dq=charles+wells+monte+carlo&hl=en&sa=X&ved=0CC0Q6AEwAmoVChMInM2uibfExwIViRbbCh1TSQom#v=onepage&q=charles%20wells%20monte%20carlo&f=false
http://casino-cheaters.com/charles-wells.htm
http://onlinepokerrealmoney.co.uk/charles-wells/
http://archive.spectator.co.uk/article/18th-march-1893/3/charles-wells-engineer-who-won-40000-at-monte-carl
http://www.jackpot.co.uk/online-casino-articles/gambling-legends-charles-wells
https://books.google.co.uk/books?id=TaVIAwAAQBAJ&pg=PA89&lpg=PA89&dq=break+the+bank+black+shroud&source=bl&ots=LY1fsg2AWN&sig=jr1winZhQirTsu3vTuYHiYwFzH8&hl=en&sa=X&ved=0CEsQ6AEwB2oVChMIje2mjs_ExwIVqxTbCh1wBQSS#v=onepage&q=break%20the%20bank%20black%20shroud&f=false
http://www.snopes.com/luck/monte.asp
http://onlinepokerrealmoney.co.uk/joseph-jagger/
http://io9.com/the-night-the-gamblers-fallacy-lost-people-millions-1496890660
https://en.wikipedia.org/wiki/Martingale_%28betting_system%29