Kelly Bet Basic

Kelly Bet Basic


The Kelly Strategy is a method to maximize the long-term rate of return (ROI) on a series of investments or bets.

The Kelly Bet Basic calculator provides criterion for deciding whether an investment is worthwhile or just a loss or whether you will start investing with enough money to protect yourself against ultimate loss. These criterion include the Kelly expectation and the Probability of Ruin. The main output of the calculator is the optimal amount and fraction of one's investment bankroll to invest on the opportunity being studied.

Please see https://sites.google.com/site/apoyosoft/kelly-bet-basic/the-kelly-strategy-tutorial for more information.

The calculator itself comes with an in-app tutorial and notes for utilizing the Kelly Strategy. You can turn off display of the End Users License Agreement on startup by going to the preferences menu item and unchecking the corresponding checkbox. You can also turn off display of the start up screen (goes directly to the calculator) from the preferences menu.

All investments are risky. Apoyo Soft does not condone gambling and disclaims any responsibility for the uses or the results obtained by using this calculator.

Recent changes:
Fixed decimal bug for QVGA screens.
Add to list
Free
88
4.4
User ratings
14
Installs
1,000+
Concerns
0
File size
83 kb
Screenshots
Screenshot of Kelly Bet Basic Screenshot of Kelly Bet Basic Screenshot of Kelly Bet Basic Screenshot of Kelly Bet Basic Screenshot of Kelly Bet Basic Screenshot of Kelly Bet Basic Screenshot of Kelly Bet Basic Screenshot of Kelly Bet Basic
About Kelly Bet Basic
The Kelly Strategy is a method to maximize the long-term rate of return (ROI) on a series of investments or bets.

The Kelly Bet Basic calculator provides criterion for deciding whether an investment is worthwhile or just a loss or whether you will start investing with enough money to protect yourself against ultimate loss. These criterion include the Kelly expectation and the Probability of Ruin. The main output of the calculator is the optimal amount and fraction of one's investment bankroll to invest on the opportunity being studied.

Please see https://sites.google.com/site/apoyosoft/kelly-bet-basic/the-kelly-strategy-tutorial for more information.

The calculator itself comes with an in-app tutorial and notes for utilizing the Kelly Strategy. You can turn off display of the End Users License Agreement on startup by going to the preferences menu item and unchecking the corresponding checkbox. You can also turn off display of the start up screen (goes directly to the calculator) from the preferences menu.

All investments are risky. Apoyo Soft does not condone gambling and disclaims any responsibility for the uses or the results obtained by using this calculator.

Recent changes:
Fixed decimal bug for QVGA screens.

User reviews of Kelly Bet Basic
Write the first review for this app!
Android Market Comments
A Google User
Apr 29, 2011
While I'm not an experienced gambler in any way, this excellent little app is incredibly useful and insightful even for beginners like myself...
A Google User
Apr 29, 2011
While I'm not an experienced gambler in any way, this excellent little app is incredibly useful and insightful even for beginners like myself...
German
Apr 29, 2011
While I'm not an experienced gambler in any way, this excellent little app is incredibly useful and insightful even for beginners like myself...