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CVCX Online Calculators - Risk
Risk of Ruin Given No Goal and No Time Constraint (Simple Risk of Ruin)
This is the Simple Risk of Ruin formula on Blackjack Attack page 112. The result is the risk of ruin with no limit on the number of hands and no quit point. Simply set the bankroll. (Use Units, not dollars.) Use the Win Rate and Std. Dev. from the current sim in the CVCX Online main viewer. Click Calculate to get the Risk of going Bankrupt.Definitions
- End Result/Goal in units: This is the number of units that you wish to finish with including the bankroll that you started with.
- Bankroll in units: The number of units that you start with.
- Win rate per 100 hands: The units that you win over 100 hands. You can get this from the CVCX Online Main Viewer.
- Std. Dev. per 100 hands: You can get this from the CVCX Online Main Viewer.
- Hands: Total number of hands played. Does not include skipped hands.
- Probability of reaching goal: The percentage of times that you will reach the specified goal at any time under the requested conditions.
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