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Home > Games > Smart Gamblers Calculator for Windows OS Quick set  Platform: All platformsWindows XPWindows MEWindows NTWindows 2000Windows 98Windows 95Windows 3.XWindows CEMacintoshMacintosh 68kLinuxDOSPalm OSMultiplatform  License: All licensesFreewareOpen SourceSharewareDemoFree BetaFree AlphaAdware  Language: Any Arabic Bulgarian Chinese Croatian Czech Danish Dutch English Finnish French German Greek Hindi Hungarian Icelandic Italian Japanese Korean Malay Norwegian Polish Portuguese Romanian Russian Slovak Slovenian Spanish Swedish Thai Turkish Vietnamese Download more software in Lottery: Horse Race Card Game Loto Excel Universal Lotto Pro 2009 Lottery Software Keno Expert USA $trike 4D! Loto 6/49 - PronoLoto Expert Lotto Buster 2010 Lottery Player's Assistant ECOLOTOFOOT Lucky Winner DSPP Super Blackjack Lotto King Holdem Odds Calculator You Bingo RedBlack Roulette Systems Studio Analysis Lotto Lottery Players Assistant BREAKTRU LOTTOREE ECOKENO EcoThunderball $trike It - Lotto! ECOLOTO Proficient Blackjack Easy Streaker Lottery Players Assistant for PPC Smart Gamblers Calculator for Windows OS Smart Gamblers 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 gamblers 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 Kellys 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 players bankroll, subject to restrictions set by the previous criteria. Download Smart Gamblers Calculator for Windows OS Check for viruses Tags: fixed-fraction betting, expected value, probability, bet, bankroll, objective criterion, parameters, games, profit, bets Version: 1.0 Released: Aug, 30 2004 License: Shareware, $0.00 Expires: Never Expires Platforms: Windows 95/98/2000/NT/ME Downloads: 13 Homepage of Smart Gamblers Calculator for Windows OS Smart Gamblers Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting. Developer: AdvMathAppl Software from AdvMathAppl: Affiliate Program Management System BlackJack Calculator for PDA Bond Value Calculator Bond Value Calculator for PPC Car Troubleshooter (Palm OS) Car Troubleshooter (Windows OS) Dynamical Passwords Dynamical Passwords for PDA Forecasters Ranker Forex Arbitrage Calculator Forex Arbitrage Calculator for Palm Game 111 for Palm Handy Service for Palm Idea Value Calculator Idea Value Calculator Life Insurance Premium Calculator Life Insurance Premium Calculator Loan/Mortgage Refinance Calculator Lottery Player's Assistant Lottery Players Assistant Lottery Players Assistant for PPC Probability of Default Calculator for Palm OS Probability of Default Calculator for PPCOS Simple Internet Fax Simple Internet Fax for Palm Simple Internet Fax for PPC Smart Gamblers Calculator for PocketPC OS Smart Gamblers Calculator for Windows OS Smart Investors Calculator for Palm OS Smart Investors Calculator for Pocket PC Smart Investors Calculator for Windows OS SpamFilter Texas Holdem Calculator (Win OS) Texas Holdem Calculator for Palm OS Texas Holdem Calculator for Pocket PC Women's Health Troubleshooter (Win) Women's Health Troubleshooter for Palm You can download other software from AdvMathAppl by clicking the links above More freeware and shareware software at http://www.newfreeware.com/ Other screen shots:New Freeware - Free Software Downloads by RF1 Systems since 2000. Our software download site updated every day.

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