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:
RandomTeams RandomTeams - This program allows you to pick random teams on your PocketPC 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
Gamer Gamer - New: Free all Show Cursor, Scan in PC, Save scan command, Address write, Menu command in game
Install:
Unpack all file to SD/Mini card, and start Gamer.exe in mobile
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
Medieval Heroes II Official Map Pack Medieval Heroes II Official Map Pack - The map pack contains 5 new maps for Medieval Heroes II for Pocket PC and Medieval Heroes II VGA :Norse Raid, Blitzkrieg, King of the Hill, Great Sea and Eastern Empire.
Please, note that you must have the original Medieval Heroes II or Medieval Heroes II VGA installed to play additional missions
PokerNearYou.com Poker Timer PokerNearYou.com Poker Timer - This is the most full feature poker timer money can buy. Not only can you create your own ''Player Bank'' and administer your own level structures, it even lets you assign the available pot and keep tracked of who is eliminated by who! Backed by PokerNearYou
Pocket Chess Timer Pocket Chess Timer - A compact digital chess timer that can be carried around with your Pocket PC. It is simple, straightforward and available to you anytime you have your Pocket PC. With two huge buttons, black and white knight pictures on them, your opponent will never press the wrong button
Prize Picker Prize Picker - This application is part of the author's "30 Days of .NET" initiative to develop 30 mobile applications in 30 days. The source code of the application is included in order to help programmers new to Windows Mobile development write applications in .NET.
There is probably someone out there who doesn't think this is the best looking application ever
GameQuitter GameQuitter - This program can be used to quit playing video games. Once you decide to quit select 'reset' from the toolbar. The program displays the number of hours/days since you have been gaming free.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
Poker Blind Timer Home poker tournament blind timer. Take it with you wherever you go for those unscheduled poker games with friends
Pocket Chess Combinations Pocket Chess Combinations is the training program on chess combinations for Pocket PC . The material is developed by the prominent chess coach Sergey Ivashchenko and aimed at intermediate players
Other Software by developer «AdvMathAppl»:
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
Game 111 Game 111 - The objective of this game is to be the first to reach the number 111. Each player selects a number that is greater than the previous number, but does not exceed it by more than 10. For example, the first player may start by choosing any number between 1 and 10. Let's say that she/he starts with 3
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
Loan/Mortgage Refinance Calculator Loan/Mortgage Calculator calculates payments and amortization schedule to refinance loan/mortgage (according to a new rate, term, and periodicity of payments)
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
Car Troubleshooter Car Troubleshooter is a mini-expert system for finding causes of your car's problem
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)
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
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
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
