Blackjack table odds

Risk of Ruin in blackjack (Appendix 12)

December 24, 2012 – 05:49 pm

Introduction

There are some sources that address the question of the probability of doubling a bankroll before losing it, in a card counting situation. Ken Uston's Million Dollar Blackjack, to name one. This appendix shall not recover that issue. However, I am often asked about how much the basic strategy player's bankroll should be, given a targeted number of hands to play. This is especially practical if the player must play a certain number of hands to earn an online casino bonus.

The rules assumed for these tables are six decks, dealer stands on soft 17, player may double on any two cards, player may double after splitting, player may resplit to three hands, no surrender, dealer peeks for blackjack. Under these rules, the house edge is 0.4140%.

Let's look at an example of how this table can be used. Assume that the player makes a deposit of $1000 to an online casino, and is required to bet through $5000 in action. If the player is to willing to play through 500 hands, then his average bet size would be $5000/500 = $10. The number of betting units would be $1000/$10 = 100. The table shows the risk of ruin is 0.01% for 102 units, so would be just over 0.01% for 100. Perhaps this is too conservative, so the player considers playing 200 hands. The bet size is now $5000/200 = $25. The number of units is $1000/$25 = 40. Interpolating the table shows the risk of ruin would be 1.5%.

Number of Hands to Play

Risk of Ruin	100	200	300	400	500	600	700	800
50%	11	14	16	18	20	22	24	25
40%	17	23	27	29	31
30%	12	21	28	33	36	38
20%	15	26	34	41	44	47
10%	19	39	48	53	57	60
5%	32	40	46	52	58	62	67	71
4%	42	49	55	65	70	75
3%	51	64	69	74	79
2%	68	84
1%	61	82	88	93
0.5%	66	89	95	101
0.25%	35	50	80	96	102	109
0.1%	54	77	87	104	111	118
0.01%	45	91	112	122	131	139

1000	1200	1400	1600	1800	2000	2500	3000
30	37
43	56
73	83	92
76	105	116
90	97	110	124	137
108	114	129	143
100	107	121	136	151
98	145	161
99	126	134	142	160	177
128	146	154	174	192
115	147	156	166	187	206
125	138	149	170	180	202	223
148	162	175	188	198	212	236	261

Methodology

The tables above were created by random simulation. I have been asked several times for a general formula for other situations. Unfortunately there isn't any that I know of. Risk of ruin problems are mathematically usually very complicated. It is easier and more convincing to run a random simulation instead.

Source: wizardofodds.com

Interesting facts

Blackjack Switch is a casino gambling game invented by Geoff Hall and patented in 2009. It is based on blackjack, but differs in that two hands, rather than one, are dealt to each playing position, and the player is initially allowed to exchange ("switch") the top two cards between hands. Natural blackjacks are paid 1:1 instead of the standard...

1000	1200	1400	1600	1800	2000	2500	3000
30	37
43	56
73	83	92
76	105	116
90	97	110	124	137
108	114	129	143
100	107	121	136	151
98	145	161
99	126	134	142	160	177
128	146	154	174	192
115	147	156	166	187	206
125	138	149	170	180	202	223
148	162	175	188	198	212	236	261

1000	1200	1400	1600	1800	2000	2500	3000
30	37
43	56
73	83	92
76	105	116
90	97	110	124	137
108	114	129	143
100	107	121	136	151
98	145	161
99	126	134	142	160	177
128	146	154	174	192
115	147	156	166	187	206
125	138	149	170	180	202	223
148	162	175	188	198	212	236	261

1000	1200	1400	1600	1800	2000	2500	3000
30	37
43	56
73	83	92
76	105	116
90	97	110	124	137
108	114	129	143
100	107	121	136	151
98	145	161
99	126	134	142	160	177
128	146	154	174	192
115	147	156	166	187	206
125	138	149	170	180	202	223
148	162	175	188	198	212	236	261