Editor's Rating Overall: n/a Features: n/a Stability: n/a Usability: n/a Interface: n/a User Rating Overall Usability: Stability: Functionality: Installation: Appearance: Help: Uninstall: Price: 0 Ratings
Short description: Smart Gambler`s Calculator 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). 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. Power Rank:
Program: Smart Gambler`s Calculator for Windows OS 1.0 Version: 1.0 Size: 0.12 MB License: Freeware Operating Systems: Win95, Win98, WinME, WinNT 3.x, WinNT 4.x, Windows2000 Price: $0.00 Last update: 2004-08-30 Publisher: AdvMathAppl Languages: Status: New Release Category: System Requirements: Casl library Screenshots The purpose of the screenshots here is to give you a general idea of how the product looks. Recentsoft.com is not responsible for the content of these sceenshots. [ Suggest to a friend ] [ Add to my favorites ] [ Add to my bookmarks ] [ Add to my version alerts ] [ Add to my price alerts ] [ Report broken link ] [ Report problem ] Version history: Smart Gambler`s Calculator for Windows OS Reviews: Be the first user to review this product! Review Smart Gambler`s Calculator for Windows OS Your Name: Rating: < Select > Awful Bad Usable Good Excellent Comment:

Smart Gambler`s Calculator for Windows OS Related Software:

Smart PC Professional 5.0 - Make your PC error-free and more efficient! License: Shareware

Smart PC 4.1 - Make your PC error-free and more efficient! License: Shareware

SmartCapture 1.7.14 - The professional screen capture tool! License: Shareware

DocSmartz PDF to Word 3.1 - Convert PDF to Word, Word to pdf converter License: Shareware

Smart Photo Tools 3.0 - Set of photo processing utilities. License: Shareware

BlazingTools Smart Type Assistant 1.5 - System-wide typing helper License: Shareware

SmartPOP2Exchange 6.4.5 - POP3/IMAP Connector for SMTP/Exchange server License: Shareware

Intelli-SMART 3.0 - Hard Disk Drive Failure Prediction License: Demo

AccSmart 2.0 - An utility for Battery monitoring License: Demo

SmartSync Pro 2.11 - Solution to back up and synchronize your data License: Shareware

Search software on Recentsoft.com
	Advanced Search

Recentsoft.com is not responsible for the content of this Publisher's description.