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 PocketPC OS 1.0
  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...

• Smart Gambler's Calculator for Palm OS 1.0
  Smart Gambler's Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting

• Odds Wizard 2.10 Live
  Sports prediction and betting software. Generates performance-based odds for the upcoming games in any league sports, such as soccer, hockey, tennis, etc. Maintains Internet-updateable databases with the past games for over 100 soccer leagues...

• MatchStatistics 5.0.3
  MatchStatistics is a revolutionary sports betting software that enables you to carry out analysis of sports betting strategies on basis of historical data

• Lion Jacks-or-Better 2.4
  Lion Jacks-or-Better is a free play video poker game. The most popular video poker game is available for your mobile phone free of charge. Play for hours in our award winning video poker game on your mobile device. In this game you have a chance to show how good your poker skills are and post your bankroll score after 20 rounds on our...

• Proficient Blackjack 4.1
  Best Blackjack software simulator for practice, analysis and simulation

• Betspreader 6.004
  Bet Spreader by Ezesoftware.co.uk - Be amazed, small to no risk betting with a profit. Bet Spreader latest release adds even more functions but remains simple to use. This is a betting calculator that when used correctly can return no risk bets....

• Poker 2.2
  Jacks or Better poker is a free fun play video poker game

• 3C Omaha Poker 4.1
  Popular poker variant: Omaha Poker. You may choose your favorite betting structure: Limit, Pot Limit or No Limit. In Limit Holdem amount that can be bet is set. These games will...