• Risk Of Ruin Blackjack
• Risk Of Ruin In Blackjack

• The Risk of Ruin (RoR) is a statistical model which tells you the chances you will lose all of your account based upon your win/loss% and how much% of your capital you put at risk per trade. To understand why the risk of ruin is a number that is absolutely critical for a trader to know to know, check out this article where I talk about the.
• In other words, if you are willing to risk a 9% risk of ruin and use a 1-4 spread under conditions similar to my computer simulation, then you should use 300 units of bankroll. I don't believe there is any published blackjack book that accurately explains the bankroll requirements of blackjack.

Blackjack is possibly the most iconic casino game of all time. It’s no wonder gamblers around the world enjoy the thrill of online blackjack for real money and regularly win big prizes.

You can’t win every hand, but with some game knowledge, basic strategy, and a little luck, you could come out on top.

How to analyze your risk playing video poker By Henry Tamburin. There is an excellent software program that does accurate bankroll and risk-of-ruin (i.e., RoR) calculations for a wide variety of video poker games. The author of the program is “Dunbar,” a professional gambler who has a strong mathematical background and a Ph.D. The good news is that a dramatic decrease in our risk of ruin from 13.5% to 2% causes a much less dramatic loss in win rate. A drop in risk from 2% to.025% causes less than a 50% drop in win rate. (For the mathematicians, these risk rates roughly correspond to full Kelly, two-thirds Kelly, one-half Kelly and one-quarter Kelly.).

Can You Trust Online Blackjack in the USA?

Professionals, who make a living from blackjack, will usually prefer the smallest risk of ruin possible (such as 1% or even less). If a non-professional player uses 5% risk of ruin as an acceptable risk level, in order to size his/her total bankroll and betting units, he/she needs to use the amount of his/her largest bet in the calculation.

Yes, you can trust online blackjack in the USA when you play at legit casinos. We only recommend sites with reliable payouts, valuable promotions, and fair game software.

On this page, we share the safest online casinos for real money blackjack. We’ll show you some of the highest paying games and give you tips to win more often.

Safest Real Money Blackjack Casinos 2020

• • Accepts Players From USA
  • Hundreds Of Popular Casino Games
  • Amazing New Online Casino
  • Play Instantly On Mobile Or Desktop

  Deposit Options include:

  • visa
  • mastercard
  • bitcoin
  • debit
• • Reputable, Legit, USA Online Casino
  • Quick Payouts, Easy to Use Software
  • Mobile, Download, and Instant Play
  • Excellent 225% Deposit Bonus

  Compatible with:

  • windows
  • apple
  • android
  • mobile
• • Top USA Friendly Casino, Fast Payouts
  • Quick Visa & Bitcoin Deposit Options
  • Safe, Secure, and Highly Reputable Online Casino
  • Excellent Welcome Bonus of 300%

  Deposit Options include:

  • visa
  • mastercard
  • amex
  • debit
  • check
  • wire
  • ethereum
  • litecoin
  • bitcoin
• • Most Reputable Online Casino
  • Up to $1,000 Welcome Bonus
  • Visa, MasterCard, & More Deposit Methods
  • Offers Live Casino Games

  Deposit Options include:

  • visa
  • paypal
  • neteller
  • mastercard
  • debit

  100% up to €250
• • Safe and Secure Online Casino
  • $/€1600 Casino Welcome Bonus
  • Play Over 400 Casino Games
  • Huge Jackpot Slots

  Deposit Options include:

  • visa
  • mastercard
  • paypal
  • check
  • wire
  • neteller
  • skrill

  100% up to €1600
• • Legit Online Casino
  • $200 Casino Welcome Bonus
  • Accepts Visa, MasterCard, eWallets, & More
  • Dozens of Casino Games to Pick From

  Deposit Options include:

  • visa
  • mastercard
  • neteller
  • paypal
  • wire

  100% up to €140
• • Large Australian Bitcoin-Friendly Casino
  • Mobile Friendly
  • Up to $2,250 in Welcome Bonuses
  • Large Selection of Pokies

  Compatible with:

  • windows
  • apple
  • android
  • mobile
• • Safe and Legitimate Australian Casino
  • 100s of Slots and Table Games
  • Mutiple Daily Deposit and Reload Deals
  • Easy Deposits with Bitcoin

  Compatible with:

  • windows
  • apple
  • android
  • mobile

Top Paying Real Money Blackjack Games

There are dozens of different online blackjack games for real money at online casinos. The table rules and side bets alter the odds of winning a hand.

Remember, a lower house edge means the math is in your favor, and you stand to beat the dealer more often. We showcase some of the highest paying blackjack games.

List of Online Blackjack Games

Older Blackjack Games:

The Best Online Blackjack for Real Money in the USA

Our main goal is to ensure you have a fantastic gambling experience. Sign up at the following best online blackjack sites for real money that accept USA players, and you’re sure to have a good time.

These legit blackjack sites accept USA players, offer a great game selection, and have excellent bonuses for new players.

What Sets Our Top Sites Apart from the Rest?

We review trusted online casinos so you can feel confident using your personal info and bank details. Take a closer look at the top two sites from the table above.

Top USA Blackjack Site Las Atlantis Casino

Las Atlantis Casino has eight different real money blackjack games.

They offer classic and European blackjack, plus popular variants like Suit ‘Em Up and Match Play.

New players get a massive welcome bonus to boost their bankroll. Better still, all of their reliable banking methods have no extra fees, including credit card withdrawals.

Legit Blackjack Casino Runner Up BetOnline

BetOnline has a whopping 20+ blackjack games in their online casino.

They have classic games, side bet options, an array of themes, and exciting variants with different numbers of decks in the shoe.

Sign up today to claim their welcome offer and play blackjack for real money. You’ll have no issue finding familiar deposit and withdrawal methods, including most cryptocurrencies.

Risk Of Ruin Blackjack

International Blackjack Sites

Do you live outside of the US? We also have fantastic casino options for players from all around the world:

Is Live USA Blackjack Safer?

If you live in the vincinity of Las Vegas, you might be inclined to read our report on the best Vegas strip blackjack casinos. Knowing and understanding your risk of ruin in blackjack is also very important. Your volatility at the tables is actually determined by standard deviation, so brushing up on your blackjack mathematics may not be such a bad idea.

One of the benefits of the advances in gaming technology is the advent of live dealer blackjack. Such real-time software diminishes the risk of cheating and tempered software because of the presence of a camera filming real dealers.

What About Playing Mobile Blackjack?

Playing mobile blackjack is another great way to enjoy the countless varities of the game from your devices. A perfect way to take your gaming with you in your pocket!

Basic Tips To Win At Online Blackjack

1. Find The Right Casino

   It is crucial that you pick the right online casino when you want to play blackjack. This is where you will make a deposit and play with real money, so you need to choose a safe site.

2. Choose The Best Blackjack Game

   You may think that all you need to do is pick a blackjack game and start playing. If you want to win money at the blackjack tables, you will need to pick the best game.

   What does this mean? Try and find the blackjack game with the best rules and house edge. The lower the house edge, the better chances you have of winning!

   You can check out the blackjack game selection above and their corresponding house edge to pick the best game for you.

3. Use Basic Strategy To Increase Your Chances Of Winning

   Online blackjack is a mix of skill and luck, and you can use this to your advantage. You don’t need to be a master mathematician to increase your odds of winning.

   Following the basic strategy guidelines you can improve your chances of winning at blackjack.

4. Avoid “Sucker” Bets

   There are a few sucker bets that any player should avoid, as they have a bad house edge that winning is extremely unlikely. These bets include:

   • Insurance – you will still lose money, even if you win.
   • Side Bets – most side bets offer decent payouts, but the odds to win are extremely low.

5. Enjoy Yourself!

   The number one rule we have at LegitimateCasino.com is that you should enjoy your gaming experience. If you are not having fun, why are you even playing?

The Most Legitimate USA Blackjack Brands?

Certs and licenses are a given as marks of safety, but which ones should you look out for? We recommend that you peruse our list of markers of legitimacy which has various links to gaming governing bodies and watchdog groups. Legitimate Casinos aren’t plenty these days, in fact they are 3 times less numerous than 3 years ago, according to Zachary who runs this website.

Legality of Playing Blackjack for Real Money

If you’re going to play for real money, please understand the risks and legalities. In the United States, safe online blackjack is in a legal grey zone, although it wasn’t specifically targeted by the Wire Act based according to a new interpretation by Congress last year. USA Blackjack laws are tedious to understand at best, so we recommend checking with a lawyer if you are financially inclined to do so. Checking with your local jurisdiction at no cost would be a cheaper alternative since the laws depend so much on geographical location.

What Makes A Safe Online Blackjack Experience?

There are hidden threats that can inflict massive damage to a player’s bankroll, making bets and winnings worthless if due care is not taken. Following are seven specific risks to be aware of and how to guard against potential losses that have little if anything at all to do with how well or badly the actual blackjack hands are played.

• Choose a Reliable Blackjack Gaming Site – Most of the long-established online casinos are trustworthy. Especially those affiliated with leading software providers. If such gaming sites weren’t reliable, they would have gone out of business long ago.

  There are still more than a few fly-by-night operations that lure players in with clever promotions and then make it almost impossible to ever withdraw any real money. When selecting an online casino for blackjack play, always be sure to check published blacklists for rogue casinos as well as the lists of the top-rated ones before depositing any funds. Also look for certification by a reputable third-party authority such as eCOGRA or Technical Systems Testing (TST).

• Know How to Collect – Before committing any funds to an online casino, it is of critical importance to know how to get money out. Just because deposits can be made by PayPal, for example, doesn’t mean winnings can be transferred back the same way.

  The FAQ section of the gaming site should provide specific instructions for withdrawals, including methods available, any minimum required, expected wait time, any associated fees and what documentation, if any, is needed. It may be necessary to verify one’s identity, address and banking information prior to initiating a withdrawal. Don’t fall victim to a labyrinth of compliance details. Get informed before risking that first bet.

• Read the Fine Print – One of the worst nightmares of any USA blackjack player is to win big at the table and then discover that the winnings are “subject to a forty times (40X) play-through requirement before funds can be withdrawn from the casino account.”

  This most often occurs in conjunction with a promotion, such as a deposit matching bonus or a new player welcome package. Become familiar with all of the details before signing up for any “free cash” or similar offers.

• Invest in Proper Hardware/Software – It is the nature of machines to break down, and of course Murphy’s Law fully applies to online gaming—whatever problem can occur, will occur, and it will happen at the worst possible moment.

  Investing in such safeguards as a surge protector, a high-speed modem, sufficient bandwidth and adequate RAM can help avoid a nasty equipment-caused meltdown. If connectivity seems slow or intermittent, don’t play. Make sure hardware and software specifications are matched to the gaming site’s standards.

• Guard Against Theft – Identity theft is a huge problem nowadays. Ensure that all gaming account information and passwords are well protected. Limit or exclude others from computer or mobile access. Always log out when a session of play has ended. Use anti-virus software to set up firewalls and regularly check for spyware.

  Good gaming sites do their best to protect privacy on their end, but true security is a two-way street. Take the same precautions with an online casino account that would be used to ensure the safety of a credit card or bank account.

• Avoid a Tax Nightmare – Most countries expect players to dutifully report their all of their winnings from gambling each year, including amounts won at online gaming sites. Should an audit occur, it is the player’s responsibility to provide records of how much has been won and/or lost.

  That’s why most accountants advise gamblers to keep accurate records, win or lose. The data is valuable as proof of activities and can help avoid some huge headaches down the road.

• Don’t Lose Control – Gambling addiction is another major danger that can threaten not only winnings but one’s livelihood and relationships as well. There is help readily available through organizations like Gamcare and Gambler’s Anonymous for anyone who feels that gaming may be becoming a problem.

  Common symptoms include preoccupation with or a constant fixation on gambling, wagering more often and in greater amounts, betting down to the last penny available, and an inability to stop and walk away. Others are chasing after losses in an attempt to win them back, gambling on credit or using funds meant to pay bills and living expenses, lying to family and friends about gambling, and deteriorating relationships. When playing blackjack stops being fun, it may be time to stop.

Links for Problem Gaming

• Medline Plus – A service of the U.S. National Library of Medicine, this site covers a number of health topics. Gambling addiction is one of them, and Medline discusses diagnosis, clinical trials, organizations, and the latest news on the subject.
• Asian Journal of Gambling Issues and Public Health – Dedicated to the problems faced by Asian gamblers around the globe, this journal includes a wealth of articles ranging from the advantages of web-based counseling to the impact of gambling on Aboriginal communities in New South Wales.
• Responsible Gambling Council – Based in Ontario, this non-profit organization has been dedicated to increasing awareness about problem gambling for decades. Their site is loaded with options for interested readers, including where to get help, clinical research, and the effects of gambling on groups ranging from New Canadians to senior citizens. They also link to the Cost2Play Calculator, which will allow fans of blackjack to determine how much they’re spending on the game.

Articles To Help Improve Your Blackjack Gameplay

The Kelly Criterion is a method of betting for blackjack players who have a mathematical edge in a wager. The Kelly Criterion maximizes your profit while eliminating your risk of ruin.

The Kelly Criterion is most often used by card counters. The better a player's chances of winning based on the card count, the more the player bets. The size of this bet is determined according to the Kelly Criterion, sometimes known as the Kelly Formula. If the house has an edge in a game, then the Kelly Criterion is useless.

Calculating Risk and Applying the Kelly Criterion

The Kelly Criterion is a mathematical formula used to maximize the growth rate of serial gambling wagers that have a positive expectation. The Kelly Criterion is a model for long-term growth rate.It does not predict automatic short-term success, but the Kelly Criterion does maximize profits by setting the percentage of a player's bankroll which should be bet at each stage of play.

Basically, the Kelly Criterion can be boiled down to this: you should bet a percentage of your bankroll equal to the edge you have at the game. When you raise the size of your bet based on how good the count is in a blackjack game where you're counting, you're putting the Kelly Criterion into action.

What the Kelly Criterion Does Not Do

• The Kelly Criterion doesn't assure you will make a profit. It maximizes your profits when you do win.
• Conversely, the Kelly Criterion doesn't assure you won't lose money. The criterion minimizes the chance you will lose all your money.
• The Kelly Criterion does not help gamblers defeat a house edge. It is meant to help those playing with a positive expectation. It really has no use when playing most casino games, because the house has the edge in most casino games..

The History of the Kelly Criterion

The Kelly Criterion was developed by John Larry Kelly, Jr. J.L. Kelly worked at Bell Labs in Texas, and was born in Corsicana, Texas.

Kelly began to develop investing strategies according to probability theory. These theories also applied to gambling strategies, too, and these investing strategies are part of what is now called game theory.

John Kelly's friend and colleague, Claude Shannon, made a visit to Las Vegas in the 1960's. Shannon and his wife used the Kelly Criterion to win at blackjack. Claude Shannon and another colleague eventually applied the Kelly Criterion to the stock market, eventually collecting a fortune.

By this time, John Kelly was dead of a stroke. His theory has been applied to gambling with increasing frequency over the years.

The Kelly Formula

Risk Of Ruin In Blackjack

The Kelly formula is meant to determine the fraction of your bankroll which you should bet at any given times. The idea is that you find that fraction which maximizes the amount of money you expect to win.

Here is the basic equation for the Kelly Criterion:

f = (b times p minus q) divided by b

There are several portions of the formula which need to be described:

f = The fraction of a player's bankroll which should be wagered. This is the number someone is looking for when using the Kelly formula.

b = This is the odds the player is receiving on the wager.

p = The probability the player will win the wager.

q = The probability the player will lose the wager, which is easily determined in a simple bet as 1 - p. For example, if the probability of winning (p) is 0.50%, then the probability of losing (q) would be 1 - 0.50 or 0.50%.

This would imply an even-money bet. In such an even-money bet, the Kelly Formula can be simplified to f = 2p - 1.

To use the Kelly Criterion, then, a player must be able to estimate the odds, the probability of winning and the probability of losing the bet.

Drawbacks to Using the Kelly Criterion

The Kelly Criterion cannot guarantee a win on gambling. What the Kelly Criterion does is guarantee you will not lose all of your money. It also maximizes your profits when you are winning. The Kelly Criterion is supposed to accumulate a compound interest of 9.06% when used correctly.

The problem with the Kelly Criterion is that it can lead to highly volatile results. You have a 33% chance of losing half of your bankroll before you double your payroll. There have been many attempts to modify the Kelly Criterion to make it less volatile. This led to the creation of Half-Kelly techniques.

The Half-Kelly Criterion

The Half-Kelly Criterion is often used by players who don't entirely trust the Kelly Criterion or their implementation of it. In a casino setting, it is easy to miscalculate the formula. If this leads to over-betting, the formula becomes counter-productive and the player can lose a large amount.

To safeguard against this, some people simply half the bet the Kelly Formula requires. This is called the half-kelly. This eliminates the chances of mistaken over-betting. Of course, the Half-Kelly undermines the original purpose of the Kelly Criterion, which was to maximize the amount won at a casino.

See also: