the richest man in atherstone

I've read a few articles on the Internet about making money from Online Casinos. The basic idea is to sign up with a Casino Website that is offering a 100% matched bonus on your first deposit - this means if you deposit £10 they give you a free £10 or if you deposit £50 they give you an extra £50 for free.

Unfortunately it's not as simple as signing up, accepting the free money and withdrawing it. Casinos are wise to that, so they insist that you gamble your free cash many times over before you can withdraw it - I'll explain this in a bit more detail later. However, there is a tactic to reduce the risk on the roulette table.

Anyway, I decided to sign up with 888.com to test out the ideas I'd been reading about. I deposited $50 (around £25) via my cashback credit card - as this was my first time, I didn't want to risk spending the maximum $200 - and I got another $50 of bonus money making a total of $100 to play with. The process was relatively painless and I did my due diligence by reading the terms and conditions. 888.com explain that the bonus money must be gambled at least 20 times before it can be withdrawn. That means I had to gamble $1000 ($50x20) before I could withdraw the free money. Although this sounds a lot - this can be got through relatively quickly using the method I am about to explain.

My strategy is based on many other roulette strategies I have read on the Internet, however I chopped and changed it a bit to suit my own preferences. The theory is that if the colour you pick hasn't come up in a number of spins, it is more likely to come up in the next one.

The roulette table allows you to take free spins (i.e. you can spin the wheel without making a wager). My strategy was to keep spinning the wheel - without any money down until either the Red or the Black had not been selected for three spins in a row. On the fourth, I bet $1 on either Red or Black (whichever the ball hadn't landed in for the previous spins). If the ball picked my colour, I won a dollar. If it didn't, I would make another bet of $5 on the same colour. If I won this time, I earned $4 profit ($10 winnings minus 1$ and $5 stakes). If again, my colour didn't show I would keep doubling my stake on the same colour again and earn $4 profit if my colour eventually appeared - the alternative being I would lose all my money.

As I only had $100 in my account, I could only double my stake up 5 times ($1 + $5 + $10 + $20 + $40 = $76). Fortunately, the colour I needed always popped up before I lost all my money. Knowing my colour had not already appeared three times before I made the first bet increased the odds that it would appear within my 5 chances.

After I'd won enough cash to get 6 chances ($1 + $5 + $10 + $20 + $40 + $80 = $156), I did actually need that extra chance. I was very glad I didn't need it when I didn't have enough in my account to pay for it!

Towards the end of my experiment I had over $230 in my account but ended up losing some of it when my colour didn't show up for 6 spins (9 spins if you include the three that I didn't wager on). I was down to around $85 after 6(+3) spins had come up as Black and decided to just put it all down on red again and, luckily, I won. This bought my total gambled up to over £1000 and I decided to call it a day and withdraw the $175 in my account.

I played roulette for three and a half hours and came away with $175 (around £87). I deposited $50 (around £25) so I more than tripled my money and earned around $40 (around £20) an hour. A nice little earner.

Most of my time was spent spinning the wheel waiting for the ball to pick the same colour three times in a row, which was very tedious. Also, on occasion - perhaps once per hour - the applet would stall and I'd have to restart and log in again. Annoyingly, this seemed to be after I'd got three of the same colour and was about to make a bet.

Needless to say, this strategy is not 100% risk-free. It's not impossible to get the same colour ten times in a row resulting in a loss of all your money, however by using this method you do reduce the risk somewhat. I would recommend that if you try this, you use only money that you can afford to lose. I would also advise keeping a note of amount of bets you have made so you know when you can take your money and run.

I enjoyed this experiment and the profit I made was worthwhile for the time I spent. However, it did get quite boring at times waiting for the ball to spin round the wheel and for same colours to show up. Also the risk of losing money is always there and it is imperative to stick to the plan, even when things look bad. There were many times I'd wagered the last of my money and sat praying for my colour as the ball went around the wheel. Luckily, it always seemed to come up when I needed to but it could easily have gone the other way.