I just watched a History Channel special called "Blackjack Man" all about Ken Uston and his teams, and I have a question about something I heard.
One of the guys who was on the team said that
- "We had a 1/20 chance of going broke and a 19/20 chance of doubling our bankroll
- "Our goal was to double our bankroll every weekend we played. If we went with 50k, we would aim for 100k"
Ok, I dont see how that is possible. How can you have such a small risk of ruin but still DOUBLE your bankroll in such a small amount of time???
One of the guys who was on the team said that
- "We had a 1/20 chance of going broke and a 19/20 chance of doubling our bankroll
- "Our goal was to double our bankroll every weekend we played. If we went with 50k, we would aim for 100k"
Ok, I dont see how that is possible. How can you have such a small risk of ruin but still DOUBLE your bankroll in such a small amount of time???