Blackjack Bankroll Risk Of Ruin

1. Blackjack Bankroll Calculator
2. Risk Of Ruin Blackjack Calculator
3. Bankroll Management Calculator Blackjack

Most people have a general idea of what a bankroll is, but for a post like this, we need to get a lot more specific.

If you want to be very basic about it the risk of ruin is the risk of going broke. For a professional blackjack player losing an entire bankroll is the kiss of death. Without a bankroll you can’t get in the game, and without getting in the game you can’t win. Blackjack Bankroll Calculator This screen can be used to calculate your bankroll needs given a desired risk of ruin. Here, risk of ruin is defined as the probability that you will go bankrupt within a specified number of hands. There are five variables defined as follows. If you want to be very basic about it the risk of ruin is the risk of going broke. For a professional blackjack player losing an entire bankroll is the kiss of death. Without a bankroll you can’t get in the game, and without getting in the game you can’t win. In other words, if you are willing to risk a 9% risk of ruin and use a 1-4 spread under conditions similar to my computer simulation, then you should use 300 units of bankroll. I don't believe there is any published blackjack book that accurately explains the bankroll requirements of blackjack.

Your bankroll is the amount of money you’ve set aside to gamble with.

You might have specific bankrolls for various games based on various goals. If you play games where you’re satisfied with a negative expectation, the size of your bankroll compared to the averagesize of your bets is what determines how long you’re able to play a specific game.

If you’re a professional gambler, though, you’re probably more interested in avoiding going broke in the short run. Gambling is based on random chance, and even if you have a long-term advantage,you can still go broke in the short run because of variance.

Here’s a simple example of how that might work.

Suppose you’re playing a simple gambling game with a buddy where you have a 52% probability of winning, and she has a 48% probability of winning. She’s willing to bet you straight-up, too — ifyou win, you get $100 from her, and if she wins, she gets $100 from you.

Suppose you only have a bankroll for this game of $100.

Can you see how you’d have a good probability of going broke even though you have a distinct mathematical edge?

In the long run, your results should resemble the mathematical, theoretical prediction, but in the short term, anything can happen.

Blackjack Bankroll Calculator

The goal of having a large bankroll relative to your bet size is to avoid going broke while you’re waiting for your long-term edge to kick in.

Risk Of Ruin Blackjack Calculator

But that only applies to gamblers who have an edge.

Bankroll Management Calculator Blackjack

If you’re playing a negative expectation game, you’ll eventually lose all your money. The trick is getting the most entertainment for your money while you’re doing so.