Smart Gambler's Calculator for Palm OS 1.0

C:\ Computer Software \ Mobile \ Palm OS

Smart Gambler's Calculator for Palm OS Review

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.

Smart Gambler's Calculator for Palm OS 1.0 Information
Smart Gambler's Calculator for Palm OS Website	Download Smart Gambler's Calculator for Palm OS Sponsored Links
Version: 1.0
Size: 0.088 MB
Downloads: 56
Price: 0
Licence: Freeware
Smart Gambler's Calculator for Palm OS Screenshot
Share Smart Gambler's Calculator for Palm OS
OS: Win 95/98/NT/2000
Usage Info: Days
Un/Install: No Install Support
Requirements: Casl library
Reference Keywords: calculator, calculate, parameters, fraction, parameters, contains, properties, probability, contains, parameters, bankroll, calculator, expected, standard, deviation, variability, gambling, investment, opportunity, probabilities, reaching, bankroll, calculated, fraction, strateg

Research more programs like Smart Gambler's Calculator for Palm OS
mundu IM for Palm
Mundu IM Instant Messaging solution for Wireless devices allows users to chat with their IM contacts on the most popular IM services - AIM®, MSN®, Yahoo®, ICQ®, Google® Talk or Jabber®.
ACDSee Mobile for Palm OS
ACDSee Mobile for Palm OS is PDA software that lets you carry your favorite digital photos on your palm pilot handheld. You can use this Palm image viewer to beam your images to other PDA users with the ACDSee Mobile for Palm OS shareware.
Faces of the Rubik's Cube for Palm OS
The Faces/Sides of the Rubik's Cube is a more challenging problem/game than the original Rubik's Cube, because player can see only a one side of the cube.
LingvoSoft Talking Dictionary English<->Bulgarian for Palm OS
This clever dictionary with 400.000 words database translates both ways, and provides immediate back translations too. Searching is made easy with Quick Search, Vector Ultima spell-checker and our signature MorphoFinder functions.
Heroes of Redmarch: Goblin Bane (Palm OS5)
Enter the world of Redmarch, where gods and magic are real. Can you guide Thomas Havelock along the path to greatness to become the legend known as the Goblin Bane?

User FAQ | Author FAQ | Privacy Policy | Feedback | Newsletter | Site Map | Most Popular | Forums | Contact Us
Web Developer Software - Programming Software - Email Software - Business Software
Audio & Video Software - Internet Software - Desktop Enhancement Software - Education Software
Home & Leisure Software - Newsgroup Software - Games Software - Utilities Software
© 1999 - 2009 Myzips.com