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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.
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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.
poker cards game bet calculator gambling casino optimal smart gamblers calculator
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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.
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Women's Health Troubleshooter allows estimating the probability of disorders in female patients, based on a set of answers to Yes/No questions.
This is very useful in cases where there is no opportunity to use medical equipment/tests to diagnose a disorder. Students also may use it to develop diagnostic skills.
A user should click on the "Yes"/"No" button if the answer to the question is positive/negative. At the end of this process, the possible disorders will be displayed, together with the probabilities (in percentages) of these disorders.
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Women's Health Troubleshooter allows estimating the probability of disorders in female patients, based on a set of answers to Yes/No questions.
This is very useful in cases where there is no opportunity to use medical equipment/tests to diagnose a disorder. Students also may use it to develop diagnostic skills.
A user should click on the "Yes"/"No" button if the answer to the question is positive/negative. At the end of this process, the possible disorders will be displayed, together with the probabilities (in percentages) of these disorders.
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Increased Odds makes the picking of lottery tickets fun and exciting. Increased Odds allows you to build a database of lottery history and use the results from statistical charts to create sets of numbers for your favorite lottery.
Pick numbers based on past and future probabilities (Most frequent, Least frequent) or just random. The main engine of Increased Odds gives you the power to pick a set of tickets based on a large group of numbers.
Key Features include: ability to customize a database to any "n pick r" lottery; view 8 different charts with a total of 15 variations; generate random numbers.
Increased Odds is a shareware application developed by the members of the Asynchrony Community. Asynchrony is a unique virtual community where members share ideas and form teams to collaborate on software projects. Asynchrony markets the finished software and gives the lion's share of revenues to the team members who created it.
Visit http://www.asynchrony.com to find out how you can earn cash by developing, documenting, and/or testing new applications!
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Femta is an award-winning innovative program for women to keep track of their menstrual cycles. Femta calculates the probabilities of becoming pregnant for every day and displays them in charts and a calendar. You can easily record information on your menstrual cycles, pregnancy, childbirth and lactation. Femta helps you to predict future cycles. It is the only application that gives you all of these great features: a very easy to use interface; the perpetual calendar with possibility to display from 1 to 36 months simultaneously; five types of charts, calculated using the data of your past periods; easy browsing of the calendar and charts; synchronized moving on the calendar and charts; convenient viewing of your periods and the calculated data in the calendar; easy to record or change dates of your period in the calendar; fast access to all important functions from the pop up menus, tool bar or main menu; automatic checking of possibility to record a period at chosen date to prevent mistakes. Femta is very configurable: easy to change any colors of the calendar or charts; easy to change the fonts of the calendar or charts; a lot of settings for displaying the calculated data; different forms for changing of preferences of the calendar, charts, and general settings; preference forms contain the calendar and charts with the real user data; immediately view changes in the calendar and charts; several predefined color sets; user can create and save custom color sets; easily hide or show charts or other program objects; automatic saving of the configuration; the easy-to-use Wizard with explanation of all user actions; WYSIWYG Print preview with a lot of possibilities; undo the last actions; possibility of using a start-up password for user privacy; compatibility of the Femta database between versions and easy upgrade to the newer versions of Femta; context sensitive help from anywhere in the program; easy and thorough installation/uninstallation program.
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Improve your blackjack game by looking at true probabilities for any situation. This software is geared toward people who already have a good understanding of blackjack. Figure out exactly how easy or how hard it is to beat the house. Discover and Analyze your mistakes as you play. If you really want to beat the house when you visit the casino, this is the right product. You will be amazed at the number of mistakes that you make as well as the amount of money that can cost you just by following standard strategy.
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