1. Sign-up to become a member, and most of the ads you see will disappear. It only takes 30 seconds to sign up, so join the discussion today!
    Dismiss Notice

Man is betting everything he owns on one spin of Roulette wheel

Discussion in 'After Hours Lounge (Off Topic)' started by JohnS, Apr 11, 2004.

  1. JohnS

    JohnS Producer

    Joined:
    Jan 17, 2001
    Messages:
    4,939
    Likes Received:
    211
    Trophy Points:
    4,110
    Real Name:
    John Steffens
    I heard on XM radio, that a man in Vegas is cashing in everything he owns($140,000) and is putting it on one spin of the roulette wheel, today(sunday) in Las Vegas.

    I live in Vegas, and haven't heard anything about this, or which casino its happening at, but apparently some stations are covering it live
     
  2. BrianW

    BrianW Cinematographer

    Joined:
    Jan 30, 1999
    Messages:
    2,563
    Likes Received:
    38
    Trophy Points:
    0
    Real Name:
    Brian
    I wouldn't bet everything I own on a coin toss, even to win many, many times what I own. No matter how trememdous the upside, the downside is simply more than I would be able to handle.
     
  3. CRyan

    CRyan Screenwriter

    Joined:
    Feb 9, 1999
    Messages:
    1,239
    Likes Received:
    0
    Trophy Points:
    0
    Brian pretty much sums up the downside for me. I get distressed when I lose a few hundred - even when I allowed myself to lose a few thousand. Gambling can be really fun when I break even or just lose 50 or so. No fun at all for me when I start losing more than that.

    Cannot imagine losing it all to gambling.

    Ugh! Makes me stressed thinking about it. [​IMG]
     
  4. NickSo

    NickSo Producer

    Joined:
    Jul 2, 2000
    Messages:
    4,260
    Likes Received:
    0
    Trophy Points:
    0
    Real Name:
    Nick So
    Why... would he do that?

    Don't think of gambling as gambling... its just a very VERY risky investment, but with very high returns [​IMG]
     
  5. LewB

    LewB Screenwriter

    Joined:
    Feb 11, 2002
    Messages:
    1,282
    Likes Received:
    0
    Trophy Points:
    0
    Any one know what bet he's making on the roulette wheel ?
    Is he betting a number straight up ? or 'just' red or black ?
    Assuming a wheel with 0 and 00, the true odds on a single number bet are 38 to 1 with a payout of 36 to 1.
    For a red/black bet you get paid 'even money' if your color comes out even though the 0 and 00 are neither red or black. So I guess that makes the odds higher than 50-50 even though you are being paid as if it were a 50-50 bet. That is what's called the 'house edge'.
     
  6. Garrett Lundy

    Garrett Lundy Producer

    Joined:
    Mar 5, 2002
    Messages:
    3,764
    Likes Received:
    0
    Trophy Points:
    0
    I only gamble with my life (when I eat out), never my money.[​IMG]
     
  7. JohnS

    JohnS Producer

    Joined:
    Jan 17, 2001
    Messages:
    4,939
    Likes Received:
    211
    Trophy Points:
    4,110
    Real Name:
    John Steffens
    LewB,
    I'm assuming he's betting on red/black
     
  8. Richard Travale

    Richard Travale Producer

    Joined:
    Feb 27, 2001
    Messages:
    3,425
    Likes Received:
    12
    Trophy Points:
    0
    Location:
    The Island, Canada
    Real Name:
    Rich Travale
    Maybe he's terminal and just going out with a bang?
     
  9. Michael Pineo

    Michael Pineo Stunt Coordinator

    Joined:
    Sep 17, 1998
    Messages:
    138
    Likes Received:
    0
    Trophy Points:
    0
  10. Travis Olson

    Travis Olson Supporting Actor

    Joined:
    Oct 7, 2001
    Messages:
    937
    Likes Received:
    1
    Trophy Points:
    110
    Real Name:
    Travis Olson
    Must not value his well being very much.
     
  11. JohnS

    JohnS Producer

    Joined:
    Jan 17, 2001
    Messages:
    4,939
    Likes Received:
    211
    Trophy Points:
    4,110
    Real Name:
    John Steffens
  12. Ricardo C

    Ricardo C Producer

    Joined:
    Feb 14, 2002
    Messages:
    5,059
    Likes Received:
    0
    Trophy Points:
    0
    I heard about this in another board, and I posted something like "Did he also rent a gun, for when he loses?" I'm glad to eat my words [​IMG] Cheers, Mr. Lunatic [​IMG]
     
  13. Dennis Nicholls

    Dennis Nicholls Lead Actor

    Joined:
    Oct 5, 1998
    Messages:
    9,184
    Likes Received:
    408
    Trophy Points:
    9,110
    Location:
    Boise, ID
    Real Name:
    Dennis
    "Is this place honest?"

    "As honest as the day is long...."
     
  14. Dennis Nicholls

    Dennis Nicholls Lead Actor

    Joined:
    Oct 5, 1998
    Messages:
    9,184
    Likes Received:
    408
    Trophy Points:
    9,110
    Location:
    Boise, ID
    Real Name:
    Dennis
    According to his father:

    "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."
     
  15. JohnS

    JohnS Producer

    Joined:
    Jan 17, 2001
    Messages:
    4,939
    Likes Received:
    211
    Trophy Points:
    4,110
    Real Name:
    John Steffens

    Boy?? isnt this guy an adult.
    That quote is funny
     
  16. Brian Harnish

    Brian Harnish Screenwriter

    Joined:
    Dec 15, 2000
    Messages:
    1,216
    Likes Received:
    0
    Trophy Points:
    0
    DUDE!!! [​IMG] [​IMG] [​IMG] [​IMG]

    Normally I don't support gambling in this type of fashion, but I've gotta say that guy is triple-talented: Incredibly gutsy, stupid, and lucky at the same time.
     
  17. Jed M

    Jed M Cinematographer

    Joined:
    Oct 2, 2001
    Messages:
    2,029
    Likes Received:
    0
    Trophy Points:
    0
    Thats great news, I was following this story. Unfortunately I would bet (no pun intended) that he loses it fairly quickly judging by his new career.
     
  18. Francois Caron

    Francois Caron Cinematographer

    Joined:
    Jul 31, 1997
    Messages:
    2,170
    Likes Received:
    22
    Trophy Points:
    1,610
    Location:
    Ottawa, Ontario, Canada
    Real Name:
    François Caron
    He even sold his clothes.

    Who bought his underwear? [​IMG]
     
  19. Jason L.

    Jason L. Second Unit

    Joined:
    Jul 12, 1999
    Messages:
    483
    Likes Received:
    0
    Trophy Points:
    0
    This is still a terrible idea.

    He is still going to have to pay a lot of taxes on his winnings [which I would assume would be taken out up front, I believe], which makes the risk/reward factor plummet sharply.

    A better idea would be wager everything on a sporting event, and spread the money among A LOT of casinos - for tax purposes.
     
  20. Chu Gai

    Chu Gai Lead Actor

    Joined:
    Jun 29, 2001
    Messages:
    7,270
    Likes Received:
    1
    Trophy Points:
    0
    But was he really risking as much as it seemed? Perhaps there were financial upsides from the selling of his story.
     

Share This Page