http://home.iprimus.com.au/jfc2000/drawdown.htm

Reminding or introducing any who might be interested about this toy.

If you want to try out the situation in the Triple your Bank thread the relevant parameters are:

20 = % - Chance of Winning
7 = Decimal Odds


One thing worth noting is that Maximum Drawdown is never less than Longest Run of Outs. That makes the Drawdown far more useful.

For example a few fluke wins could break long run of outs and give false assurance about a dud system. Whereas the Drawdown is more immune to flukes.