Re: Hypothetical Casino running/risk of ruin equation question.
That's a good question. Yeah, what Dogmeat said. First you need to state your ROR. If it's zero then you can't play. Just like any casino in the world, there's a risk you'll go bankrupt. The lower the risk you're willing to take the higher the bankroll you'll need to ensure the law or large numbers works in your favor. The casino commisions make sure the casinos have a certain bankroll sufficient to payoff the customers should the casino have a run of bad luck.
|