Betting £500 (all I have) on one spin of the roulette wheel + 32red casino question

[JamesDarwin]

Ok where to start, well probably at the beginning. (I need to set the scene you see)

I’m 18, I live in the UK and I have played poker for some time at victor chandler. I have spent about £400 since there just short of a year, playing for fun and it’s been good fun.

I started about 2 weeks ago to look at online casinos; I spent £50 + £50 bonus at William hill.

I recently got a credit card with a £500 credit limit interest free for 3 months.

My plan is this-

To bet all £500 on one spin of the roulette table if it loses I can pay of what I have lost monthly for a small amount, for ages (can get a new credit card when my current one runs out with 0% balance transfer and interest free period).

So basically it’s just like gambling regularly in that the amount I will be losing to gambling will be a small percentage of my income per month (I don’t have a job yet but will be getting one soon + get money from parents) but instead of spending loads of time losing £500 over ages slowly and painfully it will be in one foul swoop.

If I win I will just cash out the winnings and not play anymore.

I was going to do this on William hill tonight but then I started looking around to see if there was anywhere that would match a deposit of £500 and I found one place 32red casino.

It says in the terms and conditions that I have to be in the UK and a visitor of the casinomeister to be eligible for this bonus - hence how I got here I googled for casinomiester and here I am.

So my question is would I be able to put my £500 on 32redcasino, get £500 bonus taking the casino balance to £1000 then bet it all on a red/black roulette spin?

If it loses which I am anticipating it will but hoping it won’t then I will have a £500 interest free debt which isn’t a problem.

If it wins then I will have £2000 but of course I will have to work of the wager requirement and who knows what will happen then.

Can I do this? Should I do this? What do you all think?

Thanks for reading

[Casinomeister]

Hi James and welcome to the forum.

What you got going is a bad plan. For one thing, you shouldn't be betting with money you don't have. You will forever be in debt. Also as a newbie, you really need to search this board and the Casinomeister site for advice for newbies:
http://www.casinomeister.com/casinos.html#newbie

One thing you need to do is read the terms and conditions of the casino. 32red's:

Play casino games up to at least 32 times the value of your deposit plus bonus prior to cashing in.

Even money bets at Craps, Sic Bo and Roulette tables do not count towards the value of your wagering requirement.

Just a heads up.

[rowmare]

Originally Posted by JamesDarwin

Can I do this? Should I do this? What do you all think?

Thanks for reading

You shouldn't do it.

[m249a]

Dude,
Its your money...somewhat, as far as playing one spin and possibly winning, then walking away without playing anymore is next to impossible. Take it from someone who has been gambling for longer then you have been alive, you will NEVER just walk away. If you can hit the big win once, you will hit it again, at least that is what the little voice inside your head will tell you. I'm not going to preach to you on the many pitfalls of gambling, especally on the internet, you are an adult, and will make your own decisions. However, that said, if you make small transactions with your new credit card at lets say, at a department store, pay the balance off every month, before you know it you will be able to buy much larger things on credit...I.E. a car, house ect...I wish you luck in whatever you chose, and I hope you chose wisely

[gfkostas]

if I was in his position I would bet everything at roullete on the number 40.
I hope he doesn't try to mimic Ashley Revell.

[sw2003]

Why number 40? I would bet on number 37 instead!

Seriously absolutely no! If you lose, which you have 19/37 of ending up in
that is quite possible, you would have acquired a debt of 500 for nothing.
If you use the credit card to buy a hamburger, at least you get your
store of fat in your body. If you bet on one roulette and lost, you got
nothing but a 500 + those nasty credit card interests that accumulate
very fast. Soon before you know it, you would be paying a huge credit
card debt that is way beyond your initial 500 because you couldn't repay
fast enough. Think about instead of having to repay 500, you now have
to repay 2000 because you couldn't find a job and the interests are
accumulating like crazy. Yak!

[gfkostas]

Of course I don't wanna be negative with James.The guy may win a lot from this.Win is a possibility however if you can't afford it(you obviously can't) don't risk it otherwise you might end up swimming with the fishes

[dominique]

I understand what you are saying about continuing to run the credit on for many months without paying interest. But the whole idea is not a good one.

To start out in life with a big fat debt is definitely not a good thing.

And give those wagering requirements that Casinomeister posted a good hard look - looks like you would never be allowed to cash in.

[OCR editor]

Originally Posted by dominique

I understand what you are saying about continuing to run the credit on for many months without paying interest. But the whole idea is not a good one.

To start out in life with a big fat debt is definitely not a good thing.

And give those wagering requirements that Casinomeister posted a good hard look - looks like you would never be allowed to cash in.

true. just ask America!

[prostudio]

Man dont do that....neverrrrrrrrrrrrrrrr
You never cant say that you will not play anymore if you LOSE!
Hehehehehe
Here are old gamblers at all......listen to us!
If you like gamble i suggest you stay only at 32red and make small deposits only weekends....if you are lucky good for you if not you will not lose much and you will eat hamburger also for you stomach....
DONT
DO
IT
.................