Risk of Ruin
Probability of losing your full bankroll under flat-bet, infinite-time advantage play.
Risk of ruin
0.2360%
Conservative — under 1%.
Math
Brownian (continuous) approximation: RoR = exp(−2 · μ · B / σ²)
where μ is per-bet edge, σ is per-bet std dev,
and B is bankroll in units (bankroll ÷ bet size).
The formula assumes flat bets, positive edge, and infinite play. In real play you stop at a target or a loss limit, which lowers RoR but introduces other tradeoffs (you also stop winning at the cap).
For zero or negative edge, the formula collapses to certain ruin (1.0).