120,000 bet at roulette

[gfkostas]

Check this out:

Link Removed ( Old/Invalid)

He must be crazy to bet such ammount on the bloody american roullete.

 

[thetest32]

This guy has sold everything he earns to place on a red or black bet at roulette. The live bet can be seen on Sky One (uk) at 9:00 UK time on Easter Sunday (this coming Sunday).

Cannot wait to see the outcome!!

 

[Lukas85]

hell probably get 120,000 Pound from the TV channel :-D No matter whether he wins or looses ....

 

[gfkostas]

hell probably get 120,000 Pound from the TV channel :-D No matter whether he wins or looses ....

Yeah i thought the same thing.It looks more like a marketing approach.

 

[The Dude]

When I see people waste money like this, it really burns me up. I hope and pray he loses - and that the casino has the decency to donate his loss to some charitible organization.

 

[GrandMaster]

This guy has sold everything he earns to place on a red or black bet at roulette. The live bet can be seen on Sky One (uk) at 9:00 UK time on Easter Sunday (this coming Sunday).

Cannot wait to see the outcome!!

To be followed by a "hard-hitting documentary" about strip clubs and lap dancing in Las Vegas. How appropriate for Easter Sunday.

I wonder if they know that if he wins the IRS will take 30%.

 

[gfkostas]

A good question is: Why he doesn't play that ammount in europe?
0 roulette is much better than the 00 killer.It's obvious that the whole thing is in some way 'fixed' and afterwards he'll probably earn more than 120,000.He even changed his name for 20,000 for a period of 4 months

 

[GrandMaster]

hell probably get 120,000 Pound from the TV channel :-D No matter whether he wins or looses ....

I got promos from Havana Club and Vegas Villa offering me 10 if I can predict whether he loses or wins. The same e-mails also said that these casinos will give him 10000 free money, it was not quite clear whether 10000 at each casino or 10000 at any casino in the Fortune Lounge group.

 

[Lukas85]

these scumbags. Altough Ive unsubscribed about 10x from every newsletter there is at FL casinos (+vegas villa, havana etc.) they keep bugging me with their useless spam mails they send every week.

But as soon as there is an interesting offer they dont send it to me!!

 

[DOHC]

hahaha, yeah, it sounds more like another "reality show" to me

 

[thetest32]

The guy has just done this crazy bet... After Hard Rock Casino cancelled last minute he had to move to another casino. Anyway... he placed it all on Red (the deal with the casino was that he had to place his bet before two spins of the ball or the bet was off). The outcome...

... RED! He's walked away with 270,000.

And to be honest I am really disappointed as I wanted to see his face when he lost.

Not to mention all the people that will now try to emulate his success and waste their kids college funds on such a stupid thing.

Anyway - he went, he did, he got lucky.

 

[The Dude]

And to be honest I am really disappointed as I wanted to see his face when he lost.

Not to mention all the people that will now try to emulate his success and waste their kids college funds on such a stupid thing.

Ditto...I bet there will be alot of copy-cat gamblers out there whose sense of invincibility is boosted by his exploits. I'm sure there will be someone who will try and out do him.

 

[HateMG]

________________________________________________________________
Ditto...I bet there will be alot of copy-cat gamblers out there whose sense of invincibility is boosted by his exploits. I'm sure there will be someone who will try and out do him.
_______________________________________________________________


He's not the first one and I think he's a copycat. About 8 years ago I read an article in one of UK magazine in flight from London to NY about a guy from UK which took all his fortune about 250,000 and put everything (which was his do-or-die bet) also on red in Las Vegas and won. He took the money and noone saw him playing again.

 

[jpm]

That's it! They found a system to win BIG. Bet your life savings on Red and you'll ALWAYS win. I'm going to sell it all and head to vegas. C ya suckers!!!!

 

[HateMG]

_________________________________________________________________
That's it! They found a system to win BIG. Bet your life savings on Red and you'll ALWAYS win. I'm going to sell it all and head to vegas. C ya suckers!!!!
_________________________________________________________________

Warning!!! The system is not bullet-proof. Unless it's played 1,000,000 times there is no guarantee. :icon_evil

 

[Clayman]

Well I gotta give the guy some credit. I mean if you're going to bet on red or black and want to maximize your EV and profit, the mathematically correct play is to play once and then quit, isn't it? Or, isn't it? GM? Freebie? Sam?

 

[hhcfreebie]

Well I gotta give the guy some credit. I mean if you're going to bet on red or black and want to maximize your EV and profit, the mathematically correct play is to play once and then quit, isn't it? Or, isn't it? GM? Freebie? Sam?

The mathematically correct play is NOT to play.
If he has to bet, then he should choose european roulette in europe, not the killer double zero american roulette.
Unless he place the bet on 0-00-1-2-3, the house edge is all the same. The only difference is the variance. Placing bet on Red/Black has lower variance than betting on single number. Placing bet covering 18 numbers offer the same variance as betting on red/black. The "no risk" betting is to cover all numbers, that way you will always loose 2 of your bet out of 38 for a house edge of 5.28% (variance = STD = 0).
If there is a side bet. I am more than glad to bank he will loose. If there are more silly gambers trying to do this stunt again, I'll bet $50 to anyone's $49 that he will loose.
Not only the odds were against him, the money he bet means much more than the money he won. That's called marginal effect.
Imagine if I have 10k in the bank, $5 means nothing to me. To a homeless who has nothing, $5 means he can have 2 meals for the day.
No one with the right mind should do that.
ps: Because of the marginal effect, if I MUST play the best bet is the "no risk" bet.

 

[HateMG]

If he has to bet, then he should choose european roulette in europe, not the killer double zero american roulette.

The problem is they don't have big enough balls to accept such bet.

 

[santo]

I think you'll find the casino had agreed to call "no roll" on double zero..

 

[gfkostas]

I think you'll find the casino had agreed to call "no roll" on double zero..

No roll means tie if the ball was landed on 00?
Also one other thing i never got to know is: Would they gave him half the bet back if the ball was landed on 0?

 

[jpm]

If you're going to impose those rules, then why not just let him play single 0 roulette? Its basically the same thing at this point.

 

[santo]

As I understood it, no euro casino would stand the bet... and let's face it "Double or Nothing live from Dublin" doesn't sound as impressive as "Double or Nothing... Live from Vegas" when you're advertising a TV show.

I know nothing about Vegas, but presume they don't have single-0 wheels there from the posts here..

 

[gfkostas]

I believe that some of the best casino's in Britain like Crockfords,Ritz club,Les ambassadeurs could stand this bet with no problem at all.It was a marketing trick for the bet to take place in Las Vegas.If he was merely after the money he would have bet in Europe.

 

[GrandMaster]

I believe that some of the best casino's in Britain like Crockfords,Ritz club,Les ambassadeurs could stand this bet with no problem at all.It was a marketing trick for the bet to take place in Las Vegas.If he was merely after the money he would have bet in Europe.

It is hard to find the table limits on the web, it is certainly not in any obvious place on the casinos' websites, but I found a report which said that the table maximum for blackjack at the public tables at most high-end London casinos is 50000. The table maximum for a single number on roulette is typically 2000, there was no information about even money bets. An even money bet on roulette is a better deal for for the casino than BJ, bigger house edge and lower variance. If a casino normally accepts 50000 bets on BJ (with the possibility of doubles and splits), it should be possible to negotiate a one-off bet of 75000 (which is the actual amount he bet) on roulette, unless 50000 is a limit imposed by law. There is, however, the showbiz factor. A documentary about him spending a month in London would attract much smaller interest and would not provide an opportunity for the TV crew to take a holiday at the company's expense.

Has anyone got reliable information on table limits in Las Vegas? How much could I normally bet if I just walked in off the street?

 

[Clayman]

Has anyone got reliable information on table limits in Las Vegas? How much could I normally bet if I just walked in off the street?

Last time I was in Vegas when I walked into the Bellagio (how about them losing $3MM a day since they lost all their power including poorly designed back-up system) I was surprised to see $1000 minimum BJ tables right off the main walk away as soon as you enter. Like they think most people just walking by would reach into their pocket and just sit down and play a few hands. Actually 2 people were at the table - the young buxom blond playing and the old bald guy just looking giving her his chips to play with. Nice having a few bucks. I forget the max but you would probably get the normal min-max spread.

I didn't bother checking out the "High-roller Salon" area but it looked to be public.

So I played some full-pay 25 cents Deuces Wild VP for a while.

Edited to add And I think it was an 8-deck shoe for God's sake.

 

[kniepm]

The problem is they don't have big enough balls to accept such bet.

I thought roulette wheels all used the same size balls.

 

[spybarbie]

But the guy won ;.)

However, I've seen the guy on TV over here (Germany) and he did it!
This won't work twice so ... my congrats to Ashley Revell

 

[gfkostas]

I thought roulette wheels all used the same size balls.

Nah they use two different size of balls.

 

[clj7221]

I'm glad he won.whatever a person does with there money is there business.who are we to judge? so he made a " risky investment" that turned out great. God Bless him!

 

[gfkostas]

I'm glad he won.whatever a person does with there money is there business.who are we to judge? so he made a " risky investment" that turned out great. God Bless him!

I fully agree with your statement cj.His money his decisions.I'm glad he beat the casino.
I have read on the double or nothing that the bet would be 120,000 not 75,000.

 

[polli123]

German & austrian users may have a look on RTL now. Theres a live report about that guy.

 

[Clayman]

When I see people waste money like this, it really burns me up. I hope and pray he loses - and that the casino has the decency to donate his loss to some charitible organization.

Not quite sure of the policy of posting links here but the article below points out how his bet was/would have been refused at Caesar's Entertainment, Harrah's Entertainment and MGM Mirage. Hard Rock only refused the bet due to concerns about possibly violating the Wire Act. Unfortunately, the COO of Barrick Gaming Corp, owner of the Plaza, staunchly defends the bet while creaming his pants over the incredible free publicity they got.

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[sw2003]

If he has to bet, then he should choose european roulette in europe, not the killer double zero american roulette.

If he went to somewhere in Europe (may be with the exception of Monte
Carlo???), there would be no TV, no story, we would not be talking about
it here. If you want publicity, you have to go to Vegas, the gambling capital
of the world. No?

 

[gfkostas]

Agreed.Vegas is the place to gamble

 

[gfkostas]

My thread has more than 1,100 views.You make me proud guys

 

[GrandMaster]

Someone bet 170,000 (US$300,000) on Manchester United to beat Milwall in the FA Cup final. Betting on Man Utd to win is usually better than to bet on red or black on roulette, although with hindsight the best bet would have been to bet on Arsenal not to lose in the Premiership.

 

[gfkostas]

170,000??? Damn that's what I call gamble .By the way betting on Man utd is not very safe bet because we have seen from them many up and downs in terms of perfomcance this year.
Do you know what was the odds for Man utd to win? I'm sure the sportsbook has huge advantage on every given bet otherwise they wouldn't offer them in the first place.They know that they will win in the long run.Am not ggod at maths though to explain it properly

 

[GrandMaster]

Do you know what was the odds for Man utd to win? I'm sure the sportsbook has huge advantage on every given bet otherwise they wouldn't offer them in the first place.

Ladbrokes was offering 1/3 on Man Utd to win the game (excluding extra time and penalties). Sportsbooks typically take 10% of the total stake on the outcome of single games, more on multiples or in bets with lots of potential outcomes such as the winner of a tournament.

If you do it correctly, running a sportsbook can be a risk-free business, you just have to adjust the odds in response to the demand and you can make a profit regardless of the outcome.