Monte Carlo Simulator
Simulate thousands of betting scenarios to understand your risk of ruin, expected outcomes, and the range of possible results based on your edge and bankroll management.
Understanding Monte Carlo Simulation
Monte Carlo simulation runs thousands of possible betting scenarios using random number generation. Each simulation follows your specified win rate, odds, and bet sizing to produce a realistic range of outcomes.
The median outcome is often more useful than the average because it isn't skewed by extreme results. The 5th and 95th percentiles show you the realistic range of outcomes you might experience.
Use this tool to understand your risk of ruin and adjust your unit size accordingly. Even with a positive edge, betting too large a percentage of your bankroll can lead to ruin due to variance.
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Responsible Gambling
Gambling should be entertaining, not a way to make money. Only bet what you can afford to lose, and never chase your losses.
- Betting more than you can afford to lose
- Chasing losses with bigger bets
- Lying to others about gambling habits