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#1
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Casino bonus - Risk of Ruin Question
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. |
#2
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Re: Casino bonus - Risk of Ruin Question
www.beatingbonuses.com - casino games - return/variance calculator
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#3
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Re: Casino bonus - Risk of Ruin Question
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. |
#4
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Re: Casino bonus - Risk of Ruin Question
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!!! |
#5
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Re: Casino bonus - Risk of Ruin Question
[ 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 |
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