Soft82.com » Windows » Games » Casino » Smart Gambler's Calculator for Palm OS 1.0

View screenshots

Smart Gambler's Calculator for Palm OS Description

Smart Gambler's Calculator allows one to calculate the main parameters for fixed

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 Download Button For Your Site

If you want to place a Download Button for Smart Gambler's Calculator for Palm OS on your website just insert the following code:

If you want a Link to this page you can use one of the logos bellow:

Smart Gambler's Calculator for Palm OS User Reviews

New Casino Software

Tatts Keno Pro April 17, 2012 A professional and powerful tool designed to calculate combinations for Australian Tatts Keno				Solitaire-7 March 8, 2012 Solitaire-7 is a collection of popular one and two pack solitaire card games
RebelBetting November 10, 2011 Turn sports betting into a profitable investment with sports arbitrage betting				Slot Flash August 25, 2011 Slot Flash is an interesting casino game
IBA Bingo Flashboard April 19, 2011 A Virtual Bingo Flashboard you can use with a projector to cast its image				Blackjack Card Counting Pro March 21, 2011 Learn how to count cards while playing blackjack with this excellent software.
Lotto Pro March 16, 2011 Analyzes the previous drawings and picks the best lottery numbers to play.				Magic Roulette Intuition March 3, 2011 Intuition development software designed to develop intuition to win at Roulette Wheel
Casino BlackJack Tool February 1, 2011 Become a master of the online casino with BlackJack Calculator.				William Hill Casino Club December 20, 2010 William Hill - Quality Gaming Since 1934.
Europa Casino Portable Multilingual November 30, 2010 100+ games, 3D graphics, the time you can play for free is UNLIMITED!!!				A Night Out Slots Portable Multilingual November 17, 2010 A Night Out Slots Portable - download and play. No installation needed.
Harem Games Slot Machine October 1, 2010 Harem Games Slot Machine is a free and popular game featuring top strip models.				21NOVA September 16, 2010 21Nova offers over 90 different games.Bonus up to $/? 3,250
IBA Bingo Card Maker August 18, 2010 This utility allows you to create printable bingo cards (commercial or private)				HotSeven August 10, 2010 Slot machines - reels slot machine HotSeven
EcoEuroMillions June 22, 2010 Wheels for Euromillions lottery (European lotto)				RoyalDoyle Blackjack Analyzer June 9, 2010 RoyalDoyle Blackjack, Simulation, Training, Basic/Card Counting/Wager Strategy
LSMC June 1, 2010 Lottery Syndicate Manager App, reduce your workload, and saves time. (UK only)				Aussie Pokies May 31, 2010 Aussie Pokies is a 5-reel free slots game with 1, 5 or 10 winlines.

Last 7 Days Most Downloaded Casino Products

WINDOWS CASINO DELUXE 2006 9 downloads Casino game which collects the most popular classic casino games.				Lotto Buster 2010 9 downloads Lottery software to help you you win your share of the lottery
Flash-Slots 8 downloads Play online slots for FREE courtesy of Online Casino				English Harbour Casino 7 downloads English Harbour Casino is the jewel of English gaming.
3D Casino Del Rio: 100+ Free Adult Games 7 downloads 3D Casino Del Rio: 100+ Free Adult Games! UNLIMITED practice mode.				IBA Bingo Flashboard 7 downloads A Virtual Bingo Flashboard you can use with a projector to cast its image
RebelBetting 7 downloads Turn sports betting into a profitable investment with sports arbitrage betting				Game Casino Slots 7 downloads Freeware Casino Style Video Slot Game for the PC.
Poker Texas Holdem 6 downloads Download Texas Holdem Poker and play free & real money Texas Holdem Online.				RouletteSecrets 6 downloads Roulette Secrets ! How To Beat The System !

All Time Most Downloaded Casino Products

WINDOWS CASINO DELUXE 2006 945 downloads Casino game which collects the most popular classic casino games.				Lotto Buster 2010 2,095 downloads Lottery software to help you you win your share of the lottery
Flash-Slots 406 downloads Play online slots for FREE courtesy of Online Casino				English Harbour Casino 2,311 downloads English Harbour Casino is the jewel of English gaming.
3D Casino Del Rio: 100+ Free Adult Games 5,722 downloads 3D Casino Del Rio: 100+ Free Adult Games! UNLIMITED practice mode.				IBA Bingo Flashboard 338 downloads A Virtual Bingo Flashboard you can use with a projector to cast its image
RebelBetting 712 downloads Turn sports betting into a profitable investment with sports arbitrage betting				Game Casino Slots 1,699 downloads Freeware Casino Style Video Slot Game for the PC.
Poker Texas Holdem 3,250 downloads Download Texas Holdem Poker and play free & real money Texas Holdem Online.				RouletteSecrets 444 downloads Roulette Secrets ! How To Beat The System !