September 2nd, 2015 at 5:42:00 PM
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Does anyone have a formula that calculates RoR given SD/hand, EV/hand, and bankroll size?
I found Wong's formulas but they all include other variables such as overhead or with drawl from the bankroll.
RoR = exp ( - [ u/s ]^2 *B / [ 2 * F ] )
u = EV/hand
s= SD/hand
B = Bankroll
F= Overhead/hand <-- don't need this one.
Thanks
I found Wong's formulas but they all include other variables such as overhead or with drawl from the bankroll.
RoR = exp ( - [ u/s ]^2 *B / [ 2 * F ] )
u = EV/hand
s= SD/hand
B = Bankroll
F= Overhead/hand <-- don't need this one.
Thanks
September 2nd, 2015 at 6:41:03 PM
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Wouldn't it just be zero then.
Everyone has overhead though. If you travel to the casino to play 500 hands of blackjack your vehicle costs say .50 cents a mile to drive and you travel 20 miles that is $10, throw out $5 in tips, and get a snack $5. Your over head per hand is $ .04.
Everyone has overhead though. If you travel to the casino to play 500 hands of blackjack your vehicle costs say .50 cents a mile to drive and you travel 20 miles that is $10, throw out $5 in tips, and get a snack $5. Your over head per hand is $ .04.
September 2nd, 2015 at 7:00:59 PM
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Can't do 0 since then you'd be dividing by 0.
My teammate and I keep overhead separate from our bankroll since we don't rely on gambling as our primary source of income.
My teammate and I keep overhead separate from our bankroll since we don't rely on gambling as our primary source of income.
September 2nd, 2015 at 7:12:15 PM
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Quote: DonutsDoes anyone have a formula that calculates RoR given SD/hand, EV/hand, and bankroll size?
I found Wong's formulas but they all include other variables such as overhead or with drawl from the bankroll.
RoR = exp ( - [ u/s ]^2 *B / [ 2 * F ] )
u = EV/hand
s= SD/hand
B = Bankroll
F= Overhead/hand <-- don't need this one.
Thanks
Ignoring withdrawals and expenses, one can derive this approximation for the risk of ruin:
RoR = exp ( - 2 * u * B / s^2 ).
By the way, in the above formula B is the bankroll in dollars divided by the bet size in dollars.
This formula agrees with equation (3) on this page of bj21.com.