Risk of Ruin

JoshEngleman · #1 11-06-2007, 02:00 AM

I've been looking for a formula to calculate risk of ruin in for sports betting, but I can't seem to find one. All I see is the formula for poker. Anybody out there that can help me out?

calmB4storm · #2 11-06-2007, 02:32 AM

0% if you know what you're doing.

JoshEngleman · #3 11-06-2007, 02:38 AM

Thanks. Big help. Honestly, if you don't have anything intelligent to add, just stay away. All I did was ask a simple question.

Limpfold · #4 11-06-2007, 02:56 AM

Well not to be rude but the question itself isn't intelligent.
Maybe that's why you can't find a formula.

Dudd · #5 11-06-2007, 04:27 AM

[ QUOTE ]
Thanks. Big help. Honestly, if you don't have anything intelligent to add, just stay away. All I did was ask a simple question.

[/ QUOTE ]

He's right

CardSharpCook · #6 11-06-2007, 04:28 AM

I'm sure this is a pretty simple equation, but I am 10 years removed from my HS Calc BC class.

igetbadbeat · #7 11-06-2007, 01:16 PM

[ QUOTE ]
I've been looking for a formula to calculate risk of ruin in for sports betting, but I can't seem to find one. All I see is the formula for poker. Anybody out there that can help me out?

[/ QUOTE ]

Don't worry about everyone else on the board giving you a hard time. I understand the question completely. What is the risk of ruin for your specific case right? It's not 0%, in fact it's 100%