Updated : Feb 07, 2020 in Uncategorized

The Money Needed and The Risk You Must Take In Gambling

One question I am often asked by prospective Advantage players is the amount of seed capital I need to become a professional Advantage player?
In other words, they want to know what funds they need to have a good chance of success.
The simplest answer is, of course, “unlimited funds”. However, since most players cannot have an unlimited amount of money, we need to find a more meaningful answer to this question. However, there is no universal answer to this question and the answer is different for every person.
There are certain things to consider when answering this question. In short, different parameters play a role.

What risk are you ready to take?
How much risk is a player willing to take when trying to enter the casino to beat? For example, if a player has $ 10,000 to play with, he can hit the house with a single throw of the dice or the right hand in blackjack. The result is essentially a coin flip – a 50:50 chance of doubling your capital or losing everything in one game round. Most people see this as too great a risk. The next option is to split this $ 10,000 into two rounds of $ 5,000 each. That is still quite risky, as it is not uncommon to lose two rounds in a row. Even though this is less risky than picking up the $ 10,000 at a time, this approach is still too risky for most players. The thing is simple: the more units you divide your original funds into, the lower your risk of playing. Therefore, your willingness to take risks with unlimited funds goes to infinity. And that’s why the casino has an advantage over the player, because the casino’s funds are virtually unlimited.
The following diagram illustrates how the relationship between the number of units required changes for a certain benefit to the so-called risk tolerance.
Ratio between the number of units required and the percentage advantage of the player for three bankruptcy levels.

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