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.
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
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.