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Putting aside the legal issue of online gambling, I think we need to look at "Personal Responsibility." Anytime you use a credit card you are essentially entering in a contract with the credit card Company. They are loaning you the money. It is your money to spend any way you want but it is your responsibility to repay it. Last night I stayed up late playing poker with Tarot cards. I got a full house and four people died. - Steven Wright
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[edit] Insurance is statistically a bad bet for the player who has no direct knowledge nor estimation (e.g. through card counting) of the dealer's 'hole card' because Insurance has a negative expected value for the player. Even for the player who has been dealt a natural (a two-card 21) it is unwise to take Insurance. In such a case, the dealer usually asks the player "Even money?" This means that instead of 3:2, the player with the natural accepts to be paid off at 2:2. Thus it is exactly the same thing as buying Insurance, losing the Insurance bet and getting paid 3:2 on the natural. (If the player with the natural refuses "even money", and the dealer turns over a natural, it is a tie.) The World's Greatest Blackjack Book, Lance Humble and Carl Cooper, 1980 Mathematically, the probability is equal to one that gains will eventually equal losses and a gambler will return to his starting point; however, the expected number of times he has to play is infinite, and so is the expected amount of capital he will need! A similar argument shows that the popular doubling strategy (start with $1, if you lose, bet $2, then $4 etc., until you win) does not work; see St. Petersburg paradox. Situations like these are investigated in the mathematical theory of random walks. This and similar strategies either trade many small wins for a few huge losses (as in this case) or vice versa. With an infinite amount of working capital, one would come out ahead using this strategy; as it stands, one is better off betting a constant amount if only because it makes it easier to estimate how much one stands to lose in an hour or day of play. Taking advantage of short term gains and walking away while you're ahead are good advice, but it doesn't make for much fun. If you want to play longer and win more money, you'll need to find a Roulette system that can help you become a more sophisticated player. Disregard any of the statistically based Roulette systems, they've all been proven not to work and you'll just be wasting your money. Some newer systems, like those based on physics or other factors, seem to work much better and you don't even need to start out with a lot of money to win
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