Symbian freeware Smart Gambler''s Calculator for Symbian OS

Android Apps Pocket PC freeware Palm freeware BlackBerry Download
Nokia Symbian OS freeware

Follow our updates via RSS Follow Symbian Freeware on Twitter Become a Fan of Symbian Freeware on Facebook
Free Symbian software apps!

More than 2000 free Symbian s60 3rd and 5th edition freeware games, themes and apps for your Nokia phone.

Enhance your Nokia phone with wireless tools, mobile email, themes and skins plus hundreds of mobile games, utilities and GPS software for Symbian S60 smartphones. Load free apps on your Nokia n97, X6, XpressMusic 5800, Satio and Vivaz Pro phone !

Search for freeware applications:

Smart Gambler''s Calculator for Symbian OS

Summary: Smart Gambler''s Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting.



Found under: smart, gamblers, calculator, symbian,


Symbian Smart Gambler''s Calculator for Symbian OS freeware

Rating: 5.0/5
Smart Gambler''s Calculator for Symbian OS Description

Share     

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.


Download
the Smart Gambler''s Calculator for Symbian OS free for Symbian OS

.mobi Mobile friendly download
Download Smart Gambler''s Calculator for Symbian OS direct on your symbian phone


Comments and Reviews



Subscribe to our Feed: Subscribe for Symbian Freeware RSS Feed
Bookmark
Symbian - Freeware.com



Mailing List
receive the latest Symbian Apps straight into your Inbox

E-mail
Scan This QR-Code
Download Free Apps from your phone


Mobile friendly downloads at
Symbian Freeware .mobi



Explore even more
.mobi freeware downloads directly to your mobile device

More Freeware,
Applications for other mobile phone platforms

Our network,
Interesting places to explore

Follow us
Symbian Freeware .com , Mobile Network Ltd. 2013