Smart Gambler's Calculator 1.0
Category
Windows->PDA->Epoc->Games->Miscellaneous
Platform: Windows
Soft File Size:
120.80 KB
AdvMathAppl
· www.advmathappl.com
Soft Licence:
Freeware
Operating System:
Epoc
This program allows you 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.
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