Smart Gambler's Calculator for Palm OS 1.0 Free Download |
| | Smart Gambler's Calculator for Palm OS 1.0 by AdvMathAppl: Smart Gambler's Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting. | |
Cracks notice | You won't find Crack, Serial or Keygen for Smart Gambler's Calculator for Palm OS at our site. We disparage using of any type of cracking or hacking software. Using cracks, key generators, illegal serial numbers and registration codes prevents developing new software. Buying Smart Gambler's Calculator for Palm OS you are getting high quality safety software and guaranteed program support by AdvMathAppl. |
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|  Smart Gambler's Calculator for Palm OS 1.0 Free DownloadSmart Gambler's Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting.
The main input parameters are grouped into several groups. The first group contains data about the properties of a single bet: probability of winning the bet, and the payoff (prize-to-bet ratio). The second group contains parameters of the gambler's "comfort zone": bankroll, number of games to play (or number of bets to place), and desired profit or prize-to-win in these games / bets.
The calculator shows the expected value (profit / lose in the long run) and standard deviation (variability) of this gambling or investment opportunity.
For the fixed bet, the probabilities of reaching the goal and of losing the bankroll are calculated.
For the fixed-fraction betting strategy, the optimal fraction (percentage) of bankroll is determined.
In contrast to Kelly's system, in which it is assumed that a player is a risk-averse person (so not a gambler) and which is applicable only to games with positive expected values, this system has none of these restrictions. The optimality is determined in the following way. First of all, the optimal fixed-fraction bet should minimize the probability of ruin. In theory, if money were "infinitely divisible, " the probability of ruin in fixed-fraction betting is zero. The second objective / criterion is to maximize the probability of reaching the established goal, and the third objective / criterion is to maximize the expected value of the player's bankroll, subject to restrictions set by the previous criteria. |  |
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Smart Gambler's Calculator for Palm OS 1.0 Software
Summary:| Company: | AdvMathAppl | | Website: | http://www.advmathappl.com | | Country: | US | | Email: | support@advmathappl.com | | OS: | Palm OS 3.0, Palm OS 3.1, Palm OS 3.2 | | Requirements: | Casl library | | Language: | English | | Release Date: | 30 08 2004 | | License: | Freeware |
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