Many folks have asked me for the Holy Grail of Roulette systems – OK, here it is:

Step 1) Take 90% of the amount of money you want to “invest” in Roulette and buy the stock SPY – SPDR S&P 500 (SPY) - a synthetic stock which represents the S&P 500 universe.  Hold this stock until you retire, hopefully 30 – 40 years.

Step 2) Take the 10% of the amount of money you want to “invest” in Roulette and have a great time at the casino.

Roulette is a form of entertainment and you pay for your entertainment, movies, vacations, cable TV, DVDs, all cost money.  With a little luck and accounting for freebies you get from the casino, like free drinks, lodging, bets, your goal is to have a fun time with Roulette.

If you were expecting anything more you have investing confused with entertainment.

So there you have it, you now have the Holy Grail of Roulette systems; don’t say I never gave you anything.