Post
Topic
Board Service Announcements
Re: How to double your BTC in a week
by
playtin
on 18/08/2013, 13:35:47 UTC
Look at max bet (10.5BTC) on max odds (35:1) vs available bankroll (608BTC) there is your answer.

No it's not risk free. Manage your bankroll accordingly.


EDIT: Good news they lowered the risk of ruin. The site now only risk a maximum of 50% instead of 100%+ yesterday. I've never seen more than 1.5BTC bet on 17:1 and 2BTC on 1:1 so in reality they never risked more than 100%.

FYI: https://bitcointalk.org/index.php?topic=87656.msg1145478#msg1145478
Risk of Ruin for Single-0 Roulette (player betting 1 on single number)
BankrollRisk of Ruin
081.605%
100017.216%
20003.547%
30000.75%
40000.258%
50000.083%
60000.025%
70000.008%
80000.001%

This chart indicates that if a casino wants to have a less than 0.001% risk of ruin, they must have a bankroll of more than 8000x the maximum bet on a single number.