Probability of Reaching Goal Given a Time Constraint
This formula is found on Blackjack Attack page 136. Here you specify
the maximum number of hands you will play, a bankroll and a goal. The result
is the probability of reaching that goal before going bankrupt or hitting
the specified number of hands
Definitions
End Result/Goal in units: This
is the number of units that you wish to finish with including the bankroll
that you started with.
Bankroll in units: The number
of units that you start with.
Win rate per 100 hands: The units
that you win over 100 hands. You can get this from the CVCX Online Main
Viewer.
Std. Dev. per 100 hands: You can
get this from the CVCX Online Main Viewer.
Hands: Total number of hands played.
Does not include skipped hands.
Probability of reaching goal:
The percentage of times that you will reach the specified goal at any
time under the requested conditions.