Casino bonus - Risk of Ruin Question

[The Camel]

There's a casino bonus of 100% upto £100 at the sportsbook I use.

There is 20 times play through requirement..

If I play £1 a hand blackjack.. What is my chance of losing the £100 before I make the bonus?

How about at £5 or £10 per hand?

Thanks for any help.

[Lessu]

www.beatingbonuses.com (http://www.beatingbonuses.com) - casino games - return/variance calculator

[aka23]

The return/variance calculator above doesn't evaluate risk of ruin. I will have a return/variance simulator that does do risk of ruin later this month.

Assuming the bonus is given pre-wager. You have a ~0.02% of busting with £1 bets. With 5 and 10 unit bets, the risk increases to ~9% and ~22% respectively. To check others, there are risk of ruin tables on the bottom of the blackjack page on my site and in one of the blackjack appendixes on wizard of odds.

[The Camel]

Thanks guys..

Decided to go with £5 per hand (life's a risk huh!)

Managed to win £150 plus the bonus... off to the pub to celebrate!!!

[Boise123]

[ QUOTE ]
Thanks guys..

Decided to go with £5 per hand (life's a risk huh!)

Managed to win £150 plus the bonus... off to the pub to celebrate!!!

[/ QUOTE ]

Congratulations