Hi Everyone,
Was wondering about risk of ruin. Say I have a $6000 bankroll, am playing primarily 6 deck games with a 1-12 spread, betting from $10-$120, wonging out at TC of -1, playing Hi-Lo count with play variations based on count. What can I expect my risk of ruin chances are? Also, any ideas as rate or return on investment to be? Anyone know of any good simulators to run these kinds of tests on?
Thanks!
Dave
Return on investment is good to know. If your bankroll is replinishable, then worrying about Risk of Ruin with a small bankroll like $6,000 is pretty much irrelevant don't you think.
Without computing the ROR or even looking it up I see that you have only 50 Big Bets
or 600 base units I would simply double what you have or halve my stakes.
However what is an acceptable R O R is entirely subjective. I like staying between 1 - 10 %
Some people would commit suicide if they went belly up - especially if they are not using a BR that consists of actual discretionary funds. Others, such as myself, are emotionally detached from money as such and have a large BR that is entirely disconnected from funds that are used to pay the costs of living.
