|
|
|
Games:Cards Freeware
Views:432(+0) Rating:2.5
By AdvMathAppl
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.
|
| Company | AdvMathAppl |
| Website | http://www.advmathappl.com |
| Country | US |
| Email | support@advmathappl.com |
| Os | Palm OS 3.0, Palm OS 3.1, Palm OS 3.2 |
| Requirements | Casl library |
| Language | English |
| Release Date | 30 08 2004 |
| License | Freeware |
| Limitations | |
|
Affiliate Program Manager 4.1
|
APM- affiliate / viral marketing management software. With this simple and easy-to-use program
anyone can start and run many types of viral marketing programs,
including "refer a friend" programs, affiliate programs, MLM, profit-sharing programs.
Business:Management Demo
Views:1156(+0) Rating:5.4
|
|
DynamicalPassword 1.1
|
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 discove
Business:Communication Freeware
Views:1052(+0) Rating:5.4
|
|
Bond Value Calculator 1.0
|
Bond Value Calculator makes it possible to estimate the prices of bullet and callable bonds using the arbitrage-free binomial tree of risk-free short rates model.
Business:Finance Shareware
Views:829(+0) Rating:4.6
|
|
Bond Value Calculator for PPC 1.0
|
|
Bond Value Calculator makes it possible to estimate the prices of bullet and callable bonds using the arbitrage-free binomial tree of risk-free short rates model.
Business:Finance Shareware
Views:782(+0)
|
|
Lottery Player's Assistant 1
|
Play in a lotto with more fun and profit
Games:Lotto Demo
Views:1074(+0) Rating:4.6
|
|
SLAE Solver 1.2
|
SLAE SOLVER allows to find on a personal computer high accuracy solutions of linear algebraic systems with N equations, where N may reach hundreds or thousands.
Education:Business Shareware
Views:1523(+0) Rating:3.3
|
|
Car Troubleshooter (Palm OS) 1.0
|
Car Troubleshooter is a mini-expert system. It allows finding of the causes of a car's problems in a few minutes by means of answering a set of yes / no questions.
Home/Hobby:Misc Shareware
Views:874(+0) Rating:3.6
|
|
Car Troubleshooter (PPC OS) 1.0
|
|
Car Troubleshooter is a mini-expert system. It allows finding of the causes of a car's problems in a few minutes by means of answering a set of yes / no questions.
Home/Hobby:Misc Shareware
Views:840(+0) Rating:4.3
|
|
Car Troubleshooter (Windows OS) 1.0
|
|
Car Troubleshooter is a mini-expert system. It allows finding of the causes of a car's problems in a few minutes by means of answering a set of yes / no questions.
Home/Hobby:Misc Shareware
Views:794(+0) Rating:2.4
|
|
Game 111 for PPC 1.0
|
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.
Games:Misc Shareware
Views:1051(+0) Rating:4.6
|
|
Game 111 for Win 1.0
|
|
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.
Games:Misc Shareware
Views:867(+0) Rating:2.5
|
|
Idea Value Calculator (Windows OS) 1.2
|
The idea value calculator (IVC) allows the value of an idea to be estimated.
The method of calculation is based on the assumption that the value of an idea is equal to the sum of all royalties that would be collected on an equivalent valid patent b
Development Tools:Misc Shareware
Views:676(+0)
|
|
Idea Value Calculator (Pocket PC OS) 1.2
|
|
The idea value calculator (IVC) allows the value of an idea to be estimated.
The method of calculation is based on the assumption that the value of an idea is equal to the sum of all royalties that would be collected on an equivalent valid patent b
Development Tools:Misc Shareware
Views:846(+0) Rating:5.1
|
|
Simple Internet Fax for Palm 3.3
|
SIF allows you to send messages to faxes, e-mail addresses, and phones(regular or mobile) from your mobile device via Internet and also save your money on sending faxes outside your local area.
Internet:Business Shareware
Views:742(+0)
|
|
Simple Internet Fax for PPC 3.3
|
|
SIF allows you to send messages to faxes, e-mail addresses, and phones(regular or mobile) from your mobile device via Internet and also save your money on sending faxes outside your local area.
Internet:Business Shareware
Views:838(+0) Rating:5.0
|
|
Simple Risk Calculator 1.0
|
Simple risk calculator calculates a set of risk measures, such as VaR, CVaR, dispersions, and riskreward ratios. The calculator is useful for decision making, risk engineering, risk measurement, and risk management tasks.
Business:Misc Shareware
Views:681(+0)
|
|
Smart Gambler's Calculator for P... 1.0
|
Smart Gambler's Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting.
Games:Cards Freeware
Views:365(+0) Rating:3.6
|
|
Smart Gambler's Calculator for W... 1.0
|
|
Smart Gambler's Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting.
Games:Cards Freeware
Views:189(+0) Rating:1.6
|
|
Texas Hold'em Calculator for Pal... 1.6
|
This program calculate preflop odds and bets to win in poker - Texas Hold'em.
Games:Cards Shareware
Views:595(+0) Rating:1.5
|
|
Texas Hold'em Calculator (Win OS) 1.6
|
This program calculate preflop odds and bets to win in poker - Texas Hold'em.
Games:Cards Shareware
Views:616(+0) Rating:0.7
|
|
