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:
Planning Poker A Poker planning application for Windows Mobile
RaffleTickets RaffleTickets - This program can be used when you have a raffle draw. You can pick random tickets and send them to the PocketPC RaffleTicket.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
SportsGPSer SportsGPSer - SportsGPSer can be used in a sports game to track the GPS of the players in real time via FTP server. Every second the program re-FTP's the players position to the FTP server.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
ChessTimer ChessTimer - This program allows you to time the moves for two player in a chess game.
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
GamePartners GamePartners - This program can be used to track the people you play games with online. You can add a profile for each person and also keep a log of each time you play with them.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
BingoHolder BingoHolder - This program allows you to get BingoCards from the PocketPC BingoSender and check them off while playing the game.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
Pocket Chess Basics Pocket Chess Basics is an interactive tutorial for the Pocket PC for novice players, both children and adults, who have already learnt the rules of chess and now wish to become players of intermediate strength
GameResearcher GameResearcher - This program is a database of Dreamcast, PSX, Sega, N64, GameBoy and Arcade game titles. Select the platform to view the games for it. Tap on the game to view the wapedia.mobi entry for it.
This program requires that you have both the 'BeanDLL.dll' file ** and ** the runtime files for Visual Basic on your PocketPC computer
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
Backgrounds for 600 Solitaire Games 4 Backgrounds for 600 Solitaire Games 4
This file contains background picture for 600 SOLITAIRE GAMES. You must install this game on your device in order to use the file
Other Software by developer «AdvMathAppl»:
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
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
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)
Probability of Default Calculator Probability of Default Calculator allows estimating probabilities of defaults according to Basel II requirements
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
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
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
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)