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:
Cruzoe Crossword Cruzoe Crossword Solving crosswords has never been so exciting !!!
Cruzoe ™ is the crossword you've been waiting for. Cruzoe ™ can create over 1,000,000 different crosswords for you. And it does it in seconds !
With Cruzoe ™ you''ll always have new crosswords on your Pocket PC
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
GamesPSX GamesPSX - This program is a guide to 248 PSX games. Start typing the game name to display a list. Tap on the game to display it fullscreen. NOTE: This does not endorse illegal ROMs.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
ATLANTIS REDUX ATLANTIS REDUX Full english version Subtitled in 4 languages - French - German - Spanish - Italian
Compatibility: Atlantis Redux is playable on any WM 2003/5.0 PocketPC/PocketPC Phone and WM 6.1 PRO devices
PocketDice PocketDice - Gamers with Pocket PCs need no longer envy the Palm people for the high-quality die roller they have. Configure dice buttons for any game system, common or obscure. As well as specific dice and counting methods for various games, generic schemes flexible enough to model anything else are provided
D&D Attack Roller A heavy duty D&D attack roller. Ideal for high-level monks and fighters, but saves time for anyone as it performs several dice rolls and calculations in under a second. 12 extra roll/bonus slots
Hasard Hasard lets you effectively simulate the launch of one or more dice, but also of a coin (heads or tails), the draw of a card in a game, and so on
RandomCard RandomCard - This program picks a random playing card each time you press the button.
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
YanCEyWare Tangrams Puzzle Pack 2 YanCEyWare Tangrams Puzzle Pack 2 - This is expansion Puzzle Pack 2 for use with YanCEyWare Tangrams. This puzzle pack contains 100 additional puzzles. Please note that there is nothing to install with this purchase. The puzzle packs are installed as part of the YanCEyWare Tangrams freeware installation
ChipBeamer ChipBeamer - This program allows you to send/receive poker chips via the IRDA port on your computer.
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
Other Software by developer «AdvMathAppl»:
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
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
Faces of the Famous Cube Faces of the Famous Cube - The Faces/Sides of the Famous Cube is a more challenging problem/game than the original Rubik's Cube, because player can see only a one side of the cube. The aim of this game is the same –to reach the state where each side of the cube has all facets with the same color. There are several levels of complexity with 3, 4, and 5 slices per side
Lottery Player's Assistant for Palm OS The Lottery Player's Assistant helps you to estimate the average profitability of regular playing under given conditions, estimate and improve your forecasting abilities,
manage your data and strategies, analyze frequencies of winning num
Probability of Default Calculator Probability of Default Calculator allows estimating probabilities of defaults according to Basel II requirements
Texas Hold'em Calculator Texas Hold'em Calculator - 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.html http://www.pokertips.org/advanced/hvalue
Dynamical Passwords Dynamical Passwords - With "Dynamical Passwords" you may generate passwords on any date (even each day). There is no need to remember or save all these generated passwords as far as you can remember you personal password (key) and the date. It is also useful for discovering weak links in a complex security system with many passwords protected elements/units
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
