If you’ve been meaning to try your hand at betting on the roulette wheel, then here’s your chance! The folks at bet365 have launched a new promotion which gives you a chance to double up on your bets when you bet on black. Let’s find out more about this exciting opportunity.
Everyone knows that roulette is mostly played in casinos and other high-stakes gaming environments, so it is fair to assume that most of the audience for this blog post will be interested in trying their hand at playing roulette online. Even so, the concept of betting on black and doubling up offers a path to engagement with a much wider audience, so it’s worth a mention here.
When you bet on black, you are generally placing a bet on whether the ball will land on a red or black spot on the wheel. Since red and black are the only two colors available on the wheel, this means that there’s only one outcome of the bet – you win or lose according to the rules of roulette. In the United Kingdom, where this blog post is posted, the payoff for this bet is 1:2, which means you win £50/$100 on every £100 you staked. In the United States, where sports betting is legal, the same wager has a 5:1 payout. So if you bet £100 on black, you would win a hefty £500!
Get Ready to Double Up
The idea of betting on black is nothing new, as it has been available on some form of gambling platforms for quite some time. What is new is that the folks at bet365 have introduced a novel way of presenting this option to their customers. Instead of just offering this bet as a select option on their normal odds betting platform, they’ve opted to make it the default option when you place a bet.
While this may sound like an edge of some sort that they could potentially exploit, this strategy makes perfect sense from a business perspective. For one thing, it ensures that their customers are exposed to the idea of betting on black without the need for extensive marketing, which would be very expensive. For another, it ensures that when someone places a bet using their platform, the payout for that bet will be consistent, which is critical when attracting and retaining customers.
Since the introduction of this option, a lot of interest has been expressed in trying it out. So, if you’re looking for a way to try your hand at betting, then the choice is pretty obvious – bet on black!
Is It Risk Free?
One of the primary appeals of betting on black is the guaranteed return for your investment. Even if you lose your bet, you will not lose your investment, as long as you follow a few simple instructions. First off, make sure that the site you are using for gaming is a trusted source, as you will be placing a lot of value on each individual bet that you place.
Make sure to check the site’s license and customer support before you use it, as well as looking at other users’ experiences with the service. When it comes to finding a trustworthy and licensed site for online gaming, check out the UK Gambling Commission’s page of approved websites, which you can find here. The same goes for the USA’s Interactive Entertainment Council (IEC) – a non-profit organization that accredits and regulates online gaming sites in the country.
Another important point to make is that since there’s always a chance that the ball could spin back and hit one of the same colors as your bet, it is not considered a perfect sport to place bets on black. That’s why most sportsbooks only offer 5:1 odds on black – the risk of losing your entire investment is simply too great.
How Do I Bet On Black?
As we mentioned above, you can’t directly place a bet on black on most gambling sites. Most sportsbooks and casinos that offer betting on sports don’t allow individual accounts to place bets on certain teams or contestants. What this means for you is that you will have to find a way to make a group bet with some of your friends in order to take advantage of this opportunity.
The easiest way to make a bet with your friends is to use a coupon code! Many online gambling sites will give you a bonus once you make a certain amount of qualifying bets. For example, if you’re using a British bookmaker, then you could make a £10 ($14.50/€12.50) bet to generate a £20 ($28/€24.80) bonus. You would need to make eight qualifying bets using the promo code to generate the £20 payout.
When you make a group bet with your friends, it is highly recommended that you register on the site you’re using, as this will make it much easier to keep track of your activity. This way, you will be able to see at a glance which of your friends have taken advantage of the group betting option and which ones haven’t. You can also utilize the site’s features to keep track of what your friends are doing, as well as being able to easily find open groups (you can’t do this on Twitter).
Risky Or Safe?
When you’re deciding whether or not to try your hand at betting, it is important to consider the overall risk of doing so. Just because most people aren’t comfortable taking on the casino vibe does not mean that you have to limit yourself to games that are safe and secure. There are a number of legitimate and trustworthy online casinos where you can play roulette, slots, and other casino games. Just remember to keep your wagers reasonable – £50 or less per day typically won’t give you too much trouble!
Deciding whether or not to take on the casino vibe is mostly a matter of personal preference. If you’re just looking to have some fun and meet new people, then going to a casino is certainly an option. Just keep in mind that there’s a lot more to gambling than you may think there is. The most important thing to keep in mind is that if you play by the rules, then you’ll be fine.