Credit Card Roulette – To Play or Not to Play?

by J. Money - Published May 11, 2009

Credit Card RouletteWell, I survived New Orleans! And I must say, Las Vegas has nothing on them. Never have I seen so much beauty and filth all packed into the same town, it was awesome. And now, 48 hours after all that beer and sight seeing and music and voodoo and bonding, it’s back to good ol’ reality. And it’s a good thing too cuz my body can’t take it any more ;)

But before we close out this chapter, allow me to share an interesting concept with you all. We were divvying up our dinner bill Saturday night when a friend said something about playing “Credit Card Roulette“. Come again? Were my boys about to talk finance for once? Well, not exactly, but it was still pretty exciting to learn about. Urban Dictionary has it a bit differently, but according to my friends it goes a little something like this:

Credit Card Roulette: A game to see who’s going to pay the bill. You take everyone’s credit cards, put ’em under a napkin, and then mix them all up so you can’t tell whose is whose. Then, someone (usually the waiter) randomly selects one of them and pulls it out to declare the “winner”. Except in this case, you do NOT want to win, because the “winner” is the chosen one to pay the entire bill!

So why on earth would you participate in such a thing? Well, for one the odds of getting a free meal are totally in your favor. If there’s a total of 6 of you playing (as we did), you only have a 17% chance of taking the fall and paying up! Not too shabby odds if you ask me. Of course, the more people you have playing the bigger the bill ;) And in our case Saturday night, it was a hefty $240 ticket without even taking on the tip yet. It’s definitely not for the faint of heart…nor apparently us since we all politely declined.

I must admit, though, I was pretty tempted. I wonder what would happen if I bring this up at our next PF Happy Hour? Haha…so what about you all? Am I the only one who’s never heard of this before? Drop me a line and let me know. In the meantime, I have to get back to replenishing my body with massive amounts of water & vegetables before I keel over…this body ain’t the same as it used to be.

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Bonus tip: Find a good "balance transfer" offer to help pay off debt faster!

If you’ve been making payment after payment (on time) and still haven't been able to get your debt under control, snatching up a good balance transfer credit card offer may be the ticket to try. That’s where in order to gain your business - credit card companies will let you transfer your existing debt to a new card and let you pay ZERO PERCENT interest on it. Saving you tons every month!

What's the catch? Usually balance transfer cards charge a fee (around 3% of your debt balance) to let you transfer your balance to their 0% interest offer. But we've found a great credit card that will let you do a balance transfer absolutely free. Click here to learn more and see if you qualify!

PS: If you don't trust yourself with another credit card, ignore this! This strategy is to help you get out of debt quicker, not risk adding more to it.

Jay loves talking about money, experimenting, blasting hip-hop, and hanging out with his two beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!

{ 2 comments… read them below or add one }

1 JG February 3, 2011 at 2:43 am

dude the odds are on your favor, yes, but the expected value is actually $0…

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2 J. Money February 4, 2011 at 12:16 pm

Yeah, def. in your favor. I wish the rest of the comments here weren’t erased when we converted over to Wordpress – there were some GREAT discussions going on here when first posted. Oh well. Now you’re helping getting them going again :)

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