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What is gamblers ruin or risk of ruin?

April 26, 2017gambler risk ruin

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What is gamblers ruin or risk of ruin?

1 Answer

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Risk of ruin means: what is the likelihood that player A or B will go broke in a contest, where player A has a certain amount of money, player B has a certain amount of money, and one or the other has a statistical advantage (or not), and the game is played until one or the other is broke. Generally, in casinos, all games are 100% risk of ruin for the player. Risk of ruin discussion, risk of ruin applet.