- Games & Entertainment20786
License: Freeware
Version:1.0
Unicam Software Inc is a privately held company in Portsmouth, NH and is a Single Location business. Categorized under Prepackaged Software. Our records show it was established in 2001 and incorporated in New Hampshire.
Company:AdvMathAppl
Size:122 K
Category:Cards, Casino & Lottery
OS support:Windows
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.
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.
File Distribution Notice of Smart Gambler's Calculator for Windows OS Freeware -
Smart Gambler's Calculator for Windows OS Free Download - 2000 Shareware periodically updates software information of Smart Gambler's Calculator for Windows OS from the publisher, so some information may be slightly out-of-date. You should confirm all information before relying on it. Software piracy is theft, Using Smart Gambler's Calculator for Windows OS crack, password, registration codes, key generators, serial numbers is illegal.
Smart Gambler's Calculator for Windows OS Free Download - 2000 Shareware periodically updates software information of Smart Gambler's Calculator for Windows OS from the publisher, so some information may be slightly out-of-date. You should confirm all information before relying on it. Software piracy is theft, Using Smart Gambler's Calculator for Windows OS crack, password, registration codes, key generators, serial numbers is illegal.
Review Smart Gambler's Calculator for Windows OS
Related Downloads
Game-Cards-Calculator-Gambling-Bet
Arbedia Surebets Calculator 2.1
This is a free bet calculator , that calculate the chance of winning a bet . ARBEDIA offers two useful tools to calculate the exact amount to invest in every sure bet. The surebet calculator will also be very useful for your usual bets. Learn to use...
Bet Wizard 3.0
Bet Wizard is a betting calculator for your computer that can calculate all of the bet types that are popular with punters in the UK and Ireland. Including: Patent's, Round Robin's, Yankee's, Lucky 15's and many more. It's...
Bet Record 2.3
Free betting statistics and money management software. Main features: - Odds format: DECIMAL - Save your bet (slip), with the following options Date of placed bet, Stake, Odds, Bet Status, Number of bets, Winnings, Number of lost bets, Winning...
Black out Saigon 1.4
In the role of the rookie mercenary Shaiming Hang, you will once again fight the syndicate. Following your need for vengeance, you will lead a secret resistance group in a fight to death in the heart of the Vietnamese jungle. Will you and your...
Yukon Solitaire 1.2
The object of this game is to put all the cards to the foundation (the top 4 piles). The foundation piles must be built up from A to K with cards of the same suit. There are 7 tableau piles (the lower 7 piles). Initially, the cards are dealt here,...
OMSI.The Bus Simulator 1.1
. Among others, the patch contains the following new functions and corrections: - Some graphical details along the route - Accident black spots resolved - Passengers waiting at the stops even after several trips - Service runs back to the depot can...
Free 500 Card andmore Games 1.0.0.0
Trix Cards game is a 4 players cards game, each player represent a kingdom, and the king of the kingdom takes the lead to choose any game he/she want to play out of the 5 different game that build the Trix cards game. The five games are Trix,...
Avira WebProtector 2.2
With the Avira WebProtector, you can control surfing in the Internet and prevent certain websites from being accessed. Avira WebProtector is available in versions to protect children and youths or as an individually configurable business version. -...
MemoFace 2.0
To search for pairs on an area of the closed cards. Game for creative parents and hazardous children. Develops memory and reaction. Game has: > Account of time, > List of records, > Skins, > Sound on/off, > Language English/Russian. Why name of game...
Effective English 8.10
The English games try to get the children or basic learners to create a link between the pictures, sound and text. The games cover: flashcards, memory, spelling, listening, pictures and words as well as scrambled words. Teaching words is easier when...
Song About The Parts Of A Bird - The Gift Of A Friend Piano - Example Of A Builder S Estimate - How To Know The Mac Of A Samsung Galaxy - Finding The Hole Body Of A Picture - How To Sort The Pages Of A Pdf - Autocad Drawing Of A Fixture Toilet - Call Of Duty Single Player Demo - Cartoon Picture Of A Fish - Codes For House Of A 1000 Doors
Related Press Releases
Job Search Television Network (JSTN) Selected To Drive Employment Video Content Through One Of The Largest US Media Conglomerates by Job Search Television Network
AURORA, Ill. ---- Job Search Television Network (JSTN), a digital, multimedia platform that uses the power of video for recruitment and employer branding, today announced it has been selected by the one of the nation’s largest media conglomerates......
GE To Acquire Wurldtech To Advance Cyber Security Efforts For Critical Infrastructure and Operations Technology by Wurldtech
SAN RAMON, Calif. ---- GE (NYSE:GE) announced today a definitive agreement to acquire privately held Wurldtech, a Vancouver, British Columbia-based company and recognized leader in cyber security solutions. This move is one of several by GE to help......
Russia and Canada Grant “InfiniBand Over The WAN” Patents For Obsidian's Cloud Enabling Technology by Obsidian Strategics
RESTON, Va. ---- As worldwide data volumes continue to explode exponentially, data center architects are driven towards faster networking technologies drawn from the supercomputer world to keep apace. Obsidian Strategics is pleased to announce that......
Russia and Canada Grant “InfiniBand Over The WAN” Patents For Obsidian's Cloud Enabling Technology by Obsidian Strategics
RESTON, Va. ---- As worldwide data volumes continue to explode exponentially, data center architects are driven towards faster networking technologies drawn from the supercomputer world to keep apace. Obsidian Strategics is pleased to announce that......
WSO2 Technology Executive To Speak On The Future Of Cloud Computing For Digital Media and Entertainment At The 2012 NAB Show by WSO2
PALO ALTO, Calif. ---- WSO2 today announced that WSO2 Vice President of Technology Evangelism Chris Haddad will speak as a panelist in the 'Years Ahead for Cloud Computing' session at the 2012 NAB Show for the digital media and entertainment......