my experience I like to use a transition matrix and run a simulation, taking odds increases the chance of hitting a win target/target goal/stop-win limit for both the pass and don't pass.Quote: crapstossaway
How do you calculate a risk of ruin for a stop-win limit of a given bankroll when odds are taken? How does the risk of ruin change with no odds, 1x odds, 2x odds etc?
I get the stop-loss points, but why have a stop-win point?
Because if you don't stop when you are winning you won't stop when you are losing, you will play catch-up all the way down to your starting bankroll and you will keep going after that into negative territory.