I've been to Las Vegas many times but haven't venture far into the gambling world save for a few slot machines. This trip was different. I had $200 extra from being a frugal spender over the past year and made peace with the possibility of losing that money to have a chance at more.
I played a whole lot of roulette with my $200 dollars and I'll tell you my strategy, which I learned from a friend. Stay on the same number the entire time (or two numbers, or three or whatever) and bet that number and the four corner bets around it. This way, you have a 1/4 of a chance that you'll earn at least some cash and when your number finally hits (and it will) you'll earn some real money (depending on how much you put down, you could make $100+ with a $5 bet.) Then what I did, was each time my number hit, I took $50 of the earnings and put it aside, so when I run out of playing chips, I at least have that $50 (or however much more I win).
This strategy worked out pretty well when I started. I was up $175 and feeling pretty good. I should have stopped there but the weekend was long and I was bored, so I threw more money down. My good luck turned sour and, by the end of the weekend, I lost all of my $200. I had a really good time though and got plenty of free dranks.