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There you have it -- virtually every grade of blackjack player that is likely to set foot in a casino. So what are their respective chances to win? PIT #1: Rank amateurs tend to give about a 3.5% edge to the house by virtue of their innocent, though ignorant mistakes. After three hours at the tables, mathematical probability says that 21 of these 25 players will be losers. How to win at Blackjack & Maximise your Winnings ...
For your example, if your chance of winning an individual hand is $0.49.0.50,0.51$, your chance of losing $12$ in a row is about $0.000310,0.000244,0.000191$. If you lose $12$ in a row, you lose $4095$, so the expectation of a series is $-0.268,0,0.215$ You can't calculate the chance of winning a hand until you specify the strategy you will follow.
10 Tips on How to Increase Your Odds of Winning at Blackjack Jul 30, 2018 ... 10 Tips on How to Increase Your Odds of Winning at Blackjack ... avoid all games where the payoff is 6 to 5 blackjack, or worse, even money).
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