That ought to be the title for this new Fox reality show, ‘coz t-r-o-u-b-le is what the poor contender will be spelling out when he loses everything.

The show is actually called Double or Nothing, where teevee junk-hungry viewers will have the chance of following one man’s (or woman’s) journey as he plans the gamble of a lifetime by selling everything he owns to make one epic bet on a roulette wheel’s red or black.

"The audience will have a front row seat as the contestant prepares for that life altering moment. Viewers will meet the family, the friends and even the psychologist who will certify our contestant is of sound mind. The gambler will then make the journey to Las Vegas where in a single spin, a life will be changed forever." [Double or Nothing site]

Red or black, that’s all the choice to make.

It all began last year in Britain when a local lad sold all his possessions down to his last pair of breeches and bet everything worth £76,840 on a single spin of the roulette wheel. He bet on Red and went home with £153,680.

His winning play was recorded by Britain’s Sky One and turned it into the show, Double or Nothing.

According to the producers, the lucky contestant will be single with no dependents and of sound mind — with a stamp of approval by the show’s official psychologist. Therefore eliminating any doubts from viewers’ minds that selling everything you own for a one-time gamble is sound.

Fully understanding the risks the contestant bets his entire life which will either double or go pooft! into thin air.

If you plan on taking this challenge, OJ gives you these tips:

1. Bet on Red. The payoff for a red win is 1 to 1, meaning really double your money.
2. However, there are more black sections on the wheel than red (18 against 38), therefore you have an 18/38 probability of winning.
3. The odds of the wheel turning up Red or Black are the same at 47.37%. In gambling you only rely on your gut instinct. Start playing now and see if lady luck watches over you at the roulette table.

Or if someone else have better strategies, why not post ‘em here.