Right you are; actually, it was in the 70s.
http://www.amazon.com/exec/obidos/ASIN/0595142362/qid=1110870656/sr=2-1/ref=pd_bbs_b_2_1/103-0875430-6918221
I've read this book, oh, maybe a dozen times.
One reviewer of that book claims a 26% advantage over the house using wheel timing.
I bet it's a pretty tough gaffe.
I remember reading about it in a science magazine in the 80s.