One of the questions I often receive is: How much money do I need to play blackjack at $25 per hand? In an earlier post on blackjack risk of ruin I calculated that you need to have a bankroll size of $5,000 to have a 15.9% risk of ruin. This was an example calculation for risk …

# Tag: blackjack bankroll

# Blackjack Risk of Ruin

Risk of Ruin is: The probability that you will lose your entire bankroll In the earlier post on Blackjack Bankroll Requirements you learned how to calculate win per hand when including comps. Reminder: net win per hand in units of 0.0029 was calculated in the earlier post If your total bankroll is $1,000 and you bet $5 …

# Blackjack Bankroll Requirements

You have learned how to play blackjack with basic strategy and how to receive casino comps. How big of a bankroll do you need to take advantage of these strategies? The term for this is Risk of Ruin. Risk of Ruin is the probability that you will lose your entire bankroll. To calculate your needed bankroll …

# Blackjack Probability Fluctuation

When playing blackjack, your bankroll will fluctuate throughout the course of a session. Another word for this is risk and is expressed by a statistical term called standard deviation (SD). Standard deviation is variation from the "average" (mean, or expected value). In blackjack the standard deviation is about 1.1418 when you do not vary your …

# Casino Game Odds

If you are a first time visitor to Las Vegas, you may ask yourself "What is the best casino game to play". What you really want to know is what is the best game so that I have a decent chance of winning. There are many games to choose from and the purpose of this blog post …

# Blackjack Money Management

Money management is as important as playing correct basic strategy. When playing blackjack using basic strategy you will lose money over time. As you have seen, you will receive more back in the form of comps. These comps are what turn a losing game into a winning one. 4 Rules of Blackjack Money Management: You …

# Blackjack Game Selection

To understand game selection you first need the formula to calculate your expected blackjack loss per hour. These calculations assume you are playing using blackjack basic strategy. The formula for expected blackjack loss per hour is: $ unit played per hand * hands played per hour * blackjack game house advantage (expected value) You walk …