- Smart Gambler's Calculator for Windows OS 1.0 By AdvMathAppl

Smart Gambler's Calculator for Windows OS 1.0
 Cards
 Views:189(+0) Freeware
By AdvMathAppl

Smart Gambler's Calculator allows one to look 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 reckon: probability of winning the reckon, and the bribe (prize-to-bet ratio). The second group contains parameters of the gambler's "consolation zone": bankroll, amount of games to recreate (or amount of bets to plaza), and desired earnings or prize-to-win in these games / bets.

The calculator shows the expected value (earnings / lose in the long ladder) and standard difference (variability) of this gambling or investment opportunity.

For the frozen reckon, 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 organization, in which it is false that a histrion is a risk-averse somebody (so not a gambler) and which is applicable only to games with electropositive expected values, this organization has none of these restrictions. The optimality is determined in the following style. First of completely, the optimal fixed-fraction reckon should belittle the probability of destroy. In theory, if money were "infinitely divisible, " the probability of destroy in fixed-fraction betting is nada. The second objective / criterion is to maximize the probability of reaching the accomplished goal, and the third objective / criterion is to maximize the expected value of the histrion's bankroll, case to restrictions set by the previous criteria.


CompanyAdvMathAppl
Websitehttp://www.advmathappl.com
CountryUS
Emailsupport@advmathappl.com
OsWin95, Win98, WinME, WinNT 3.x, WinNT 4.x, Windows2000
RequirementsCasl library
LanguageEnglish
Release Date30 08 2004
LicenseFreeware
Limitations

Free Download 0.00 Mb

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