Kelly Criterion Calculator Cheats

Kelly Criterion Calculator Hack 1.2 + Redeem Codes

Optimal bet sizing for wagers

Developer: Hergott Technologies, Inc
Category: Games
Price: Free
Version: 1.2
ID: com.jakehergott.Kelly-Criterion-Calculator

Screenshots

Game screenshot Kelly Criterion Calculator mod apkGame screenshot Kelly Criterion Calculator apk

Description

"In probability theory and intertemporal portfolio choice, the Kelly criterion (or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. The Kelly Criterion is to bet a predetermined fraction of assets, and it can seem counterintuitive. It was described by J. L. Kelly Jr, a researcher at Bell Labs, in 1956.

For an even money bet, the Kelly criterion computes the wager size percentage by multiplying the percent chance to win by two, then subtracting one. So, for a bet with a 70% chance to win the optimal wager size is 40% of available funds.

The practical use of the formula has been demonstrated for gambling and the same idea was used to explain diversification in investment management. In the 2000s, Kelly-style analysis became a part of mainstream investment theory and the claim has been made that well-known successful investors including Warren Buffett and Bill Gross use Kelly methods. William Poundstone wrote an extensive popular account of the history of Kelly betting."

- Wikipedia (https://en.wikipedia.org/wiki/Kelly_criterion)

Version history

1.2
2022-07-28
improvements to design
1.0
2021-03-12

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Ratings

4 out of 5
3 Ratings

Reviews

Brian b 8221,
Great app for quick calcs
Use this app to size bets