Thread
:
risk of ruin for maths people
View Single Post
#
7
03-25-2005, 01:54 PM
pho75
Senior Member
Join Date: Dec 2004
Posts: 133
Re: risk of ruin for maths people
I use this formula:
Bankroll needed = -(SD^2/2*hourly win rate)ln(risk of ruin)
SD=standard deviation
I got it from the excellent article on bankroll consideration from
http://www.bet-the-pot.com/bankroll-...on-page43.html
pho75
View Public Profile
Find all posts by pho75