Just before uni starts (without SL) i'll have saved ~5k - roulette for x2-or-nothing?

Nah, think how gutted you'd be if you lost all that money you'd worked for!

You can split the 5k between your 4 years at uni to have extra luxury. That's £24 a week including holiday time, you could get a lot out of that... upgrade your food, takeaways, extra nights out, cover your academic costs with leftovers, lots of trips (like holidays every summer or theme parks or whatever) or use it for the things people forget to budget for (like xmas pressies!).

Basically any combination of the above. Too big a risk.

Reply 21

blue acre

1

Original post by ch0llima

Dude, seriously... just get a nice savings account with healthy interest like a cash ISA or something.

Gambling like that is stupid, especially roulette and poker.

Coming from a Scot that never paid for their education?

I think you need to show a little more empathy.

Why red?

Original post by blue acre

Coming from a Scot that never paid for their education?

I think you need to show a little more empathy.

What's the need man?

Reply 24

jaheen22

12

Don't bet the whole thing. Bet about a grand or so.

Reply 25

ChestHair&SmallTum

OP

Original post by NOBODY MOVE!

giving your money away (which, imo, is essentially what you would be doing) to a gambling company that makes millions of pounds a day would be far stupider than,say,just giving the money to.....me.

*shakes bucket with 'donations' written on it infront of your face*

Would you give me sex 100 times? :puppyeyes:

Reply 26

ChestHair&SmallTum

OP

Original post by davidmarsh01

Why red?

I've played roulette twice.

£5 bets, won both.

Red each time - red is also my favourite colour.

Reply 27

NOBODY MOVE!

14

Original post by ChestHair&SmallTum

Would you give me sex 100 times? :puppyeyes:

if you subtract 100 from the figure you have requested then you have a deal ;D

Reply 28

ilovedubstep

9

You are such an idiot. You have saved for a year and would be willing to bet all that away? You could donate it to charity if you want to give it away like that!

Seriously bet on black, red will never win!!

Reply 29

ilovedubstep

9

bet 100 pounds, if you lose bet 200, if you lose bet 400, if you lose bet 800 e.t.c. eventually you will win. then bet 100 pounds again.

As long as youre not really unlucky you will end up with an extra 500-1000 quid.

Reply 30

ShnnyShiz

6

Original post by ChestHair&SmallTum

Hey!

Shall I play the risk or not? :tongue:

Apparently this year UCL aren't looking for people with common sense :tongue:

. Obviously don't risk it. This is coming from an impulsive risk taker as well!

Reply 31

blue acre

1

You bunch of morons; if you lot hadn't convinced him to come to his senses he would be 5k better off now!

Original post by davidmarsh01

What's the need man?

Who are you, El Topo?

Reply 32

AK51

In this situation your money definitely has diminishing returns, the utility of having 10k is less than double of having 5k even though you don't realise it yet, let alone the fact that the bet is -EV since you have an 18/37 chance of winning. So from a pure risk analysis point of view obviously no, but you probably already knew that. If you wanted to make a rational decision, this thought probably wouldn't have even entered your mind so all I can say is Good Luck and put it on Black!

Reply 33

lonelykatana

17

Original post by ChestHair&SmallTum

Hey!

This is quite simply the situation:

- This September/October I shall be going to a university in London (UCL :suith:

)

- I'll have saved ~5k from EMA, part-time job, etc

- This is before any Student Loan is paid

- So, in some respects 'my own personal spending money'

- If I bet 5k on red on roulette and red wins I get 10k

- If I bet 5k on red and black wins I lose my initial 5k

- Either way, I have my student loan to cover my accomodation and living costs

- 10k and SL would help greatly and lots of luxuries and holidays and just all 4 years of university would be 'chilling'

- 0k and SL would be managable but lots of tesco value products

- 5k and SL = somewhere in the middle, and obviously the 'safest' option

Shall I play the risk or not? :tongue:

I second the idea of buying 5000 scratch cards. (dont know where you'd get them though).

There is a small chance you could win far more than another £5k.
Not to mention the possibility of winning a few smaller prizes.

You'd have much better chances of atleast retaining a bit of money for a second mass scratch card try.

Reply 34

bobbyjimmy

Mate DO IT! You live once ive won lotss of money on roulettle just from using my brain and using probability . . . Go to a casino have a look at the history and look at what people are betting on ! Wacth people if people seem on a roll just copy there bets ! If there not play the opposite. .

FORTUNE FAVOURS THE BRAVE ! Trusttt me . pleasee tell me how it goes . Really hope you win GOOOD LUCK

Reply 35

bobbyjimmy

Original post by AK51

In this situation your money definitely has diminishing returns, the utility of having 10k is less than double of having 5k even though you don't realise it yet, let alone the fact that the bet is -EV since you have an 18/37 chance of winning. So from a pure risk analysis point of view obviously no, but you probably already knew that. If you wanted to make a rational decision, this thought probably wouldn't have even entered your mind so all I can say is Good Luck and put it on Black!

You get 50% of your stake back if it goes 0 so not really 18/37 but sort of is . . . If it goes 0 just put 2.5k on 1-18 :-D then bang it all on BLACK! 10k and if your reallly feeling lucky go even straight after ;-) thats 20k then your laughing it takes people a year to earn that kind of doe my man is making it seconds :-) . Thats my bet plan if it goes 0 worked a few times lol

Reply 36

planetearth

18

Original post by Instincts_2012

Well if you really want to bet, don't put the whole 5k!

Put 1k first. If you lose, then forget it. Don't bet again.

If you win, use your winnings to continue betting.

Good Luck!

This sounds logical. You can slowly build up wealth using this method without the great risk.

Reply 37

therealOG

2

Original post by ChestHair&SmallTum

Hey!

This is quite simply the situation:

- This September/October I shall be going to a university in London (UCL :suith:

)

- I'll have saved ~5k from EMA, part-time job, etc

- This is before any Student Loan is paid

- So, in some respects 'my own personal spending money'

- If I bet 5k on red on roulette and red wins I get 10k

- If I bet 5k on red and black wins I lose my initial 5k

- Either way, I have my student loan to cover my accomodation and living costs

- 10k and SL would help greatly and lots of luxuries and holidays and just all 4 years of university would be 'chilling'

- 0k and SL would be managable but lots of tesco value products

- 5k and SL = somewhere in the middle, and obviously the 'safest' option

Shall I play the risk or not? :tongue:

Are you stupid or something? Who would risk £5000 with only a 50% chance of winning??