Kenny,

I agree with you on what is important:

Quote:
"The worst loosing streak (as I see it) is the greatest amount of money lost from your bank at any time. So if you start with $1000, build to $1200, then at some point get down to $800 before rising again to $1300 your worst losing streak is $400 (1200 - 800)." End quote.

Call the $400 'Max. draw-down'. Something real we can work with.

I have already supplied the maths formula in this thread to work out the odds of any run of outs for any winning % [odds]. A formula is what was asked for.