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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Voodoo who wrote (48242)	4/9/2004 1:32:56 AM
From: LLCF	Respond to of 74559

<bet it all on the roulette wheel....> Notice that if you take the game and it's odds as a 'given', he's actually going the exact right thing. One spin. He has maximized his expected value. DAK

To: Dr. Voodoo who wrote (48242)	4/12/2004 6:33:26 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

Double or nothing: which was it? British bet result April 12, 2004 Ashley Revell ... risked everything on red 7. A British man who sold all his possessions, including his clothes, stood in a rented tuxedo on Sunday surrounded by family and friends and bet everything on a single spin of the roulette wheel. He won't go home empty handed. Ashley Revell, a 32-year-old Londoner, sold all his possessions in March, took $135,300 to the Plaza Hotel in Las Vegas, did some low stakes gambling and then placed everything he had left on Red. The wheel was spun, a crowd of supporters including his Mum and Dad from London went wild, the ball bobbled over the slots and landed on Red '7' -- and Revell walked away with $270,600. "It all happened so quickly, it was spinning before I knew it," Revell said, adding he did not intend to try to double it again. He gave a $US600 ($A785) tip to the croupier and plans to party -- and buy some clothes. "It's really down to my friends and family and Mum and Dad," he told Reuters Television. "I knew even if I lost I'd always have a home to go to." "I'm still against it," said his dad. "He shouldn't have done it. He's a naughty boy. I tell my kids they shouldn't gamble. I've got four others and they're all going to want to go the same way." advertisement advertisement One friend James Frederick said "It bobbled for a second and I just thought, 'Oh no, it's not going to do it.'" "But it did. It couldn't happen to a nicer guy." Asked if he wanted to try his luck again, Revell said: "No that's it for me. I think he'd like me to do it again, but no that's it," gesturing to a casino host. "I don't want to ride my luck," he said as the champagne began to flow. This week, the gambling spirits had seemed against him. He put in a week gambling about $3,000 in a bid to raise his pot. By Wednesday, he was down $1,000. Revell, recently a professional gambler, said he decided to take a big plunge while he was still young and had raised the stakes as high as possible, including selling his clothes. "I like to do things properly," he said.