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BR question for \"coin flipping\" game
Say you and I are playing a game where we each put in one unit and then flip a rigged coin that is 55-45 in my favor with the winner taking the pot of both units. What is the bankroll needed for me to play this game at a 2% risk of ruin?
I'm no good at math, so hopefully there are some smart guys in here who can solve this one for me, ty. |
#2
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Re: BR question for \"coin flipping\" game
[ QUOTE ]
Say you and I are playing a game where we each put in one unit and then flip a rigged coin that is 55-45 in my favor with the winner taking the pot of both units. What is the bankroll needed for me to play this game at a 2% risk of ruin? [/ QUOTE ] With n units, your risk of ruin is (45/55)^n. With 19 units, ror = 2.2%. With 20 units, ror = 1.8%. |
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