Posts Tagged ‘Money’

How big a bank roll do I need to play blackjack, and what is the probability of losing it?

Monday, April 27th, 2009
jrshannie asked:


I want to play blackjack online. How big of a bankroll do i need compared to the bets Im making? I have an overdraft of £1000 how large are the bets I can make? And what is the chance of losing all this £1000? I don’t want to lose it all so should me bankroll be money that I don’t mind losing?

Thanks
The reason I want to know this is to get the casino bonuses online that are offered. If I deposit 100£ and the bonus is 100 and with 0.04% house edge after playing £4000, my expectiation is to lose £16. But if this gets me the bonus then I will be up £84.
Id like to know the chance of losing £100 for different sized bets instad of £16 as this would mean I am no longer in profit after getting the bonus. This is so I could know what my chances are of breaking even if betting say £5 rather than £1, and thus I could decide how much to bet
Thanks

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