[MEbenhoe]

Lets say you can bet on the outcome of a random event in which one outcome has a 50.5% chance of happening and the other outcome has a 49.5% chance of happening, but you would be able to get even odds on this bet from anyone because almost anyone would think this is clearly a 50:50 proposition.

If you could make this bet 300 times per hour you should on average make 3 bets per hour. What would an acceptable risk of ruin be for a bet like this? and Given a $1000 Bankroll for this best what would be the highest amount you could bet per outcome while maintaining an acceptable risk of ruin?