In 2004 a young man sold all his possessions netting £76,840. He then went to Las Vegas and wagered all that he owned on Red (roulette). By advertising the event the casino created a successful hedge in free media.
http://www.telegraph.co.uk/men/the-...ts-like-to-bet-everything-you-own-on-red.html
In terms of no skill, mindless games, Baccarat offers superior odds to European roulette (Bank is the better bet despite the 5% vig). Other games such as playing perfect blackjack or craps, give better odds, but require memorizing all the optimum plays and then recalling them in a one time high stress situation. All of these are a negative expectation.
Fun Fact: The actual odds of blackjack as played, rather than the theoretical best plays, is 500% better for the casino. People are quite stupid with their wagers.
Then again, Richard Thaler just made $1.1 million for people being irrational with money (2017 Nobel Prize in Economics). His work is worth reading (behavioural economics) if you are, or want to be, a trader. Helps understand the stupid trades made out of emotion even when the maths are clear.
I think the odds of Bitcoin doubling is less than 49%, therefore a hand of baccarat is better. Of course, investing the money in yourself is always the best option.
