Let it all ride, and mean everything!
We've all fantasized about it, and no I'm not talking about being marooned on a desert island with Angelina Jolie (which isn't to say that I haven't considered that scenario once or twice). I'm talking about that bet to end all bets; the ballsiest bet of all; the bet to end all bets; the mother of all bets...taking everything you own, cashing it in and punting it al on a single spin of the roulette wheel. Imagine, in less than a minute you can double your net wealth, or be totally wiped out. Not the type of course of action your financial planer is likely to recommend, and let's face it, not the course of action any one in their right mind would realistically entertain right?...wrong!
Enter Ashley Revell, an otherwise normal, mild mannered individual from Britain, who one day decided he would let it all ride. And he literally meant everything...selling up absolutely everything he and his family owned and heading off for Las Vegas to bet it all on red.
Armed with a cool $135,300, and a levels of faith (or stupidity) that could only be measured by the ton, Ashley checked in to the Plaza Hotel and headed for the Roulette tables. After a couple of small warm up bets, and with the encouragement and best wishes of a fast gathering crowd, he placed his every single cent to name on red.
After a spin that surely must have felt like an eternity, the ball finally came to rest on red 7. Ashley was all of a sudden worth $270,600, and surprisingly smart enough to decline an invitation from the casino to double up again. After tipping the croupier $600, he took his winnings, and a great story (sure to lead to the bankruptcy of friends encouraged to follow suit) back to England.
And what did his friends and family think about Ashley's big bet. Views did differ markedly...
Father: "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".
Friend: "It's just brilliant".
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