How to set up an effective formula for testing a betting system.......

[Petermsk]

Hi,

What kind of excels functions that involved for setting up an effective formula to check and see if the following betting strategy would work for every 9,500 or so hands, and I'm using excel 2007:

+10 +20 +10 -20 +20
+10 -20 -30 -70 -150
-10 -30 -70 +150 +10
-10 -30 +70 -10 +30
-10 +30 +10 -20 +30

The chart above (from left to right) has 5 rows that represent five different scenarios, and it always starting with 10 for the "First-hand", and it carries on this way – For the "first-hand", always bet on 10, and if wins, bet 20; if loses, bet 30 on the second-hand. If the second-hand wins, bet 10 (the third-hand); if loses, bet 70 (the third-hand).

[Negative progressive betting] If the third-hand wins, bet 20 (the fourth-hand); if loses, bet 150 (the fourth-hand). [If the fourth-hand loses, then losing 260 in round one, it will go back to the "First-hand" of 10, and starting the next round and so on].

[Positive progressive betting] If it happens to be only losing the third-hand (at the worst case) but keep winning on the fourth-hand WITHIN 26 or so hands, it'll win 260 in that winning round, and it then keep betting +1, +2, +1, +2 pattern till the next losing hand to finish. Then, the next round starts again..... And so on.

My question is which excel functions and formulas that I need, in order to set up such betting system (above) and check if it is viable for every 9,500 hands?

PS It starts with these basic……
=RAND(),
=if([=RAND()]<=0.5,10,-10),
Bankroll is 7,800 (for every 9,500 or so hands)

 

[Macropod]

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