I have never fully understood Risk of Ruin, as well as I should. I know enough to know that I want to play with a very small risk of ruin, which is what I try to do by having a minimum of 150 max bets. I have a few questions I am hoping someone can answer that may help me understand better.
In a recent thread, bjcount ran a sim showing a RoR of 2.2 %. My understanding is that if you use that set bet spread, without resizing that the chance of going broke is 2.2%, is that correct? So if you were to resize your wagers at some point, say after losing a third of half your BR, your RoR would be much much less than that, like a fraction of 1%, appraching zero? Or is resizing already calculated into this original 2.2% RoR?
(I think in this specific case the player had a unit of $10 so resizing probably wasn't possible, unless he could find a $5 table, but I am asking in general, not about this specific case)
In a recent thread, bjcount ran a sim showing a RoR of 2.2 %. My understanding is that if you use that set bet spread, without resizing that the chance of going broke is 2.2%, is that correct? So if you were to resize your wagers at some point, say after losing a third of half your BR, your RoR would be much much less than that, like a fraction of 1%, appraching zero? Or is resizing already calculated into this original 2.2% RoR?
(I think in this specific case the player had a unit of $10 so resizing probably wasn't possible, unless he could find a $5 table, but I am asking in general, not about this specific case)