Quote: FrankReynoldsSet the maximum stakes. For any game with more than two outcomes
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I do it like this:
1. Using the ROR & SD calculation formula
2. Creating game simulations
Quote: FrankReynoldsThank you, but that is not what I'm asking. I should have been more clear about what i need:
Let's say I'm a casino owner and i only offer one game of slots. And i have only 100K available as a bankroll. How would i calculate if 100K is enough for the game? How would i set max bets for the clients in order to avoid going bust?? I think the concept is called Risk Of Ruin but all i could find were formulas and calculators for binomial results, which are not good for slots
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As a former actuary, this is the kind of thing I think I could help with. However, I would expect to be paid a professional fee for my time.
Quote: WizardQuote: FrankReynoldsThank you, but that is not what I'm asking. I should have been more clear about what i need:
Let's say I'm a casino owner and i only offer one game of slots. And i have only 100K available as a bankroll. How would i calculate if 100K is enough for the game? How would i set max bets for the clients in order to avoid going bust?? I think the concept is called Risk Of Ruin but all i could find were formulas and calculators for binomial results, which are not good for slots
link to original post
As a former actuary, this is the kind of thing I think I could help with. However, I would expect to be paid a professional fee for my time.
link to original post