Smart Gambler's Calculator for Pocket PC - 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.
Like it? Share with your friends!
If you got an error while installing Themes, Software or Games, please, read FAQ.
Supported operating systems:
Pocket PC 2002, Windows Mobile 2003, Windows Mobile 5.0
Similar Software:
VideoGames VideoGames - This program allows you to track your console video games. When you have a guest they can quickly pan the game list and select a game to play.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
BingoCards BingoCards - This program allows you to store up to 99 bingo cards. You can use the stylus to 'dab' them.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer. Simply unzip the file for your processor and place the DLL file in the 'Windows' folder of your PocketPC computer
LottoTouches LottoTouches - This program can be used to pick the numbers for a lotto ticket. Tap the button and each time a random number will be displayed.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
ScoreFingerer ScoreFingerer - ScoreFingerer allows you to track the scores for players on 2 teams using your fingers. You can compose a list of players for each team and log the scores with your fingers. You can also export the game score report into a CSV formatted file.
This program requires that you have both the 'BeanDLL
Character Sheet for RPG Character Sheet for RPG - Character Sheet is an information sheet that stores information on your Dungeon and Dragons (D&D) 3rd Edition character (D&D is a registered trademark of Wizards of the Coast) conveniently on your Microsoft PocketPC based device
Pocket Game Spy Pocket Game Spy is a game cheater/trainer/modifier, memory editor/hacker editor for Pocket PC
Usage:
1) Start Pocket Game Spy on your Pocket PC and then launch the game.
2) Remember the value of the object in the game you want to manipulate (for example, Lives, Score, Mana, Money, Ammo, etc). Lets assume the value of your “Score” is 100
Pocket Chess Tactics for Beginners Pocket Tactics for beginners is a Pocket PC version of the famous program Chess Tactics for beginners. The author, well-known coach Ivaschenko, has been working at this chess material for over 20 years and many experts consider his handbook to be the best for beginners
LotteryChecker LotteryChecker - This program can be used if you play only one ticket on the lottery. Enter your winning ticket number and when you hear or view the draw enter the winning numbers and tap the 'check ticket' button.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
TalkingBingo TalkingBingo - This program is a bingo machine that says the number of the picked ball in a real voice.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer. Simply unzip the file for your processor and place the DLL file in the 'Windows' folder of your PocketPC computer
The Secrets of Da Vinci The Secrets of Da Vinci : The forbidden Manuscript
A great new point and click adventure game.
Solve Leonardo Da Vinci's mystery and succeed in a mystical quest!
From the makers of ATLANTIS REDUX, Return To Mysterious Island and SYBERIA
- -- GAME FEATURES -- -
- A fascinating quest full of risks, new developments and discoveries
Other Software by developer «AdvMathAppl»:
Simple Risk Calculator Simple Risk Calculator - Simple risk calculator calculates a set of risk measures, such as VaR, CVaR, deviations, and riskeward ratios. The calculator is useful for decision making, risk engineering, risk measurement, and risk management tasks.
What's New in This Release:
· New risk measures were added
Probability of Default Calculator Probability of Default Calculator allows estimating probabilities of defaults according to Basel II requirements
NBA Scores Database NBA DB is a free database management system for NBA scores. The current database contains results from 1989 to 2003 and may be modified by users
Smart Investor's Calculator Smart Investor's Calculator - Smart Investor's Calculator (SIC) allows users to find optimal investment portfolios through solving allocation problems with the selected criterion and restrictions on shares of investment in each instrumentgroup. In other words, SIC helps investors to find investment portfolios that, maximize returns and limit risks
Competitive Intelligence Calculator Competitive Intelligence Calculator - Competitive Intelligence Calculator (CIC) estimates competitive intelligence capability of your company/business on three dimensions: risk identification, risk monitoring, and management actions.
CIC is based on the concept proposed by Dr
Texas Hold''em Calculator for PPC Texas Hold''em Calculator for PPC - Stop losing, start WINNING! Many poker players cannot understand why they lose money playing good starting hands. The reason is- hand values fluctuate greatly depending on the number of people in the pot. (See for example these links: http://www.online-texas-holdem-poker.net/poker_strategy_expert
Simple Internet Fax for Pocket PC Simple Internet Fax for Pocket PC - SIF allows users not only send faxes and emails but also send text messages (up to 160 symbols) on any mobile phone and voice messages on regular/mobile phones in North America (using services of external providers)
Life Insurance Premium Calculator With LIPC you may estimate premiums for Term Insurance, Life Insurance, and Pension contracts. All calculations are based on fair premium method and do not count administrative expenses and contribution to reserve funds
Smart Gambler's Calculator for Palm OS Smart Gambler's Calculator for Palm OS - 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)
