Is there an easy Risk of Ruin formula?
 

I'm going to try and clear a BJ bonus at a site and need to wager 80000 in bets to clear it. In my account I have $3200. I would like to know my risk of ruin if I used various bets, namely $25 and $50 bets. This article has a bunch of pretty complicated formulas that has me pretty confused. When they start talking about the function of x and stuff I start getting lost. Is there an easy formula to figure this stuff out?

Re: Is there an easy Risk of Ruin formula?
 

[ QUOTE ]
I'm going to try and clear a BJ bonus at a site and need to wager 80000 in bets to clear it. In my account I have $3200. I would like to know my risk of ruin if I used various bets, namely $25 and $50 bets. This article has a bunch of pretty complicated formulas that has me pretty confused. When they start talking about the function of x and stuff I start getting lost. Is there an easy formula to figure this stuff out?

[/ QUOTE ]

http://wizardofodds.com/blackjack/bjapx12.html

$25 bet size --> 3200 bets required, 128 bets in acct --> interpolate to get ~8% ROR

$50 bet size --> 1600 bets required, 64 bets in acct --> interpolate to get ~21% ROR

Re: Is there an easy Risk of Ruin formula?
 

You the man Homer