Step 1

The first step is to open an online gambling account with a casino. I recommend the following one as this is the one I've taken most money from www.grandonline.com/welcome.php and they offer you a 200% bonus on your first deposit.

Step 2

So, the next step is to start earning money! Start by opening a game on 'European Roulette'. 

This only has one '0' on it so the chances of winning are greater. You can choose to bet on a particular number or simply choose red or black. For this example, just choose a colour and not a specific number.

 

The idea is simple and works like this:

Start by betting £1 on red. If you win, then you will double your money. 

However, if you lose, double your bet to £2 and put it on red again. If you win this time, you will have £4 in the bank - £1 more than the £3 you risked.

However, if you lose, double your bet - this time to £4. If you win, then your bank total will be £8 - £1 more than the £7 you risked.

You see, if you keep on doubling your bets every time you lose, when you eventually win your winnings will outweigh your losses by £1!

 

Here is an example:

Bet £1 on red and lose – total losses £1

Bet £2 on red and lose – total losses £3

Bet £4 on red and lose – total losses £7

Bet £8 on red and win – you will have bet a total of £15 but you will have won £16!

Obviously, this is the worst case scenario as normally you will win your £1 after 1-2 goes! Once you have won, swap and start betting on the other colour – in this case black.

This may not seem like a lot of money, but consider that this only takes 20 seconds to do – that is £3 profit a minute! If you play for one hour, you will make £180!

 

What are the chances of me losing??

If we consider a normal roulette wheel – it has 37 different numbers. 18 are red, 18 black and 1 is the number zero (a neutral number). Therefore, each time the wheel is spun, there is a 48.65% chance it will land on red.

 

If we now consider the example above:

In this example, you lose 3 times in a row before winning, so what is the chance of losing 4 times in a row? Well in that case, it would have to land on red or zero (51.35% chance) in a row:

0.5135 x 0.5135 x 0.5135 x 0.5135 = 0.0695

This gives a 6.95% chance of losing 4 times in a row and a 93.05% chance of winning!

 

If we now consider the chances of losing 5 times in a row:

0.5135 x 0.5135 x 0.5135 x 0.5135 x 0.5135 = 0.0357

This means that there is only a 3.57% chance that you will not win in the first 5 spins! That gives you a 96.43% chance of making a £1 profit within your first 5 spins!

Of course, this is purely the worst case scenario as usually you win within the first 2 throws! Therefore, the maximum you are ever going to have to bet will be £32!

Remember though, even if you lose, keep on doubling those bets and when you eventually win, all your losses will be won back including a nice £1 profit! It’s simple maths!

Step 3

Look at your bank account and laugh at how rich you are!

So to summarise –
1. Choose a colour

2. Bet £1 on that colour (obviously you can bet more or less than £1 depending on how much money you want to make!)

3. If you lose double your bet – keep doing this until you win
4.When you win, switch to a different colour.  Easy