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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?
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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