Two Plus Two Older Archives - How to Calculate Probability of Going Broke

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whitelime

12-04-2004 06:37 PM

How to Calculate Probability of Going Broke

How do I calculate the probability of going broke given my bankroll, SD, and mean? Here is a hypothetical example...

Bob has $80. On average, he makes $1/hr. His standard deviation is 16. He can potentially lose money in an hour. What is the probability that he will reach $500 before he goes broke? What is the probability that he will ever go broke?

gaming_mouse

12-04-2004 07:24 PM

Re: How to Calculate Probability of Going Broke

http://archiveserver.twoplustwo.com/...=14&fpart=

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