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

Discussion in 'Ask the Meister' started by JamesDarwin, May 27, 2004.

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    May 27, 2004
  1. JamesDarwin

    JamesDarwin Dormant account

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

    Im 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 its 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 its 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 dont 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 wont then I will have a 500 interest free debt which isnt 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
  2. May 27, 2004
  3. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Bad plan

    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:

    One thing you need to do is read the terms and conditions of the casino. 32red's:
    Just a heads up.
  4. May 28, 2004
  5. rowmare

    rowmare Dormant account

    Webmeister and mom.
    Vancouver Island
    You shouldn't do it. :eek:
  6. May 28, 2004
  7. m249a

    m249a Dormant account

    self employed
    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 :thumbsup:
  8. May 29, 2004
  9. gfkostas

    gfkostas Ex-Bonus Whore

    if I was in his position I would bet everything at roullete on the number 40. :D
    I hope he doesn't try to mimic Ashley Revell.
    Last edited: May 29, 2004
  10. May 31, 2004
  11. sw2003

    sw2003 Dormant account

    somewhere :)
    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!
  12. May 31, 2004
  13. gfkostas

    gfkostas Ex-Bonus Whore

    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 :lolup:
  14. May 31, 2004
  15. dominique

    dominique Dormant account

    The Boonies
    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.
  16. Oct 11, 2009
  17. OCR editor

    OCR editor Dormant account

    Web Portal Editor
    true. just ask America!
  18. Oct 11, 2009
  19. prostudio

    prostudio Quit Gambling


    Man dont do that....neverrrrrrrrrrrrrrrr
    You never cant say that you will not play anymore if you LOSE!
    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....
  20. Oct 11, 2009
  21. vegetagirl2008

    vegetagirl2008 Mafia Wars Level 472

    No Job Here..
    Brooklyn, New York, United States
    WTH who dug up this thread. Damn I should of looked..
    Last edited: Oct 11, 2009
  22. Oct 11, 2009
  23. chuchu59

    chuchu59 gambling addict CAG PABnonaccred

    Ah nostalgia. It was great reading the posts of some long-lost friends.
  24. Oct 12, 2009
  25. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    This is a five year old thread - please check the dates of old posts when joining a conversation. Thank you.
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