Probability Question

[Clint]

Using basic strategy and hi-lo to adjust bets, if I had an “x”-bankroll (2 grand for the sake of discussion [these figures may be unrealistic]), a y-minimum bet (lets say $20), a z-maximum bet ( let’s say $75), is it possible to determine the probability of reaching a sought-after-win once, “xx” (lets say $1000) before losing “yy,” my entire bankroll ($2000).

To makeup a probability, if there’s a 90% chance of reaching a 1 grand win before I go belly up, (in a mathematically perfect world) this means that 10 times out of 10--assuming I walk away the first time I reach my sought-after-win--I win 9 grand and lose 2 grand for a net of 7 grand. I’m getting software that will help me fiddle with these probabilities myself. I was just curious, does this probability question make sense to anyone else? Or am I off base here.

[Bodarc]

https://www.blackjacktheforum.com/re...hp?do=calcpage

[DSchles]

The one you want is: Probability of reaching a goal before going bankrupt, with no time constraint.

Don

[Stealth]

Clint,

The inquisitive nature of your question leads me to think that you are a relatively new student of the game and have an interest in a better depth of understanding. There are many way to progress toward that understanding and let me suggest (in a blatant plug) that you acquire the book Blackjack Attack III by D Schlesinger. It is one of the most, in not the most, complete works on a wide range of the topics you will need.

It will both answer many of your questions and answer many you have not even thought to ask yet!