odds of losing half your bankroll
Say you are playing a game with a house edge of .5%.
What is the probability of losing half your bankroll in x number of bets you make of y value?
Say you are playing blackjack and have a bankroll of $500 and you make 50 bets of $10. What is the probability you will have $250 after those bets. What is the probability you will have $750 after those bets? Is this the same thing as 'Risk of ruin'?
Regards,
NoTalent
|