The Kelly Calculator is a simple calculator for the Kelly betting strategy
Kelly Calculator
by Miterdale
What is it about?
The Kelly Calculator is a simple calculator for the Kelly betting strategy.
App Details
Version
1.01
Rating
NA
Size
13Mb
Genre
Finance Productivity
Last updated
October 15, 2015
Release date
October 21, 2011
App Store Description
The Kelly Calculator is a simple calculator for the Kelly betting strategy.
The Kelly strategy is a formula used to determine the optimal size of a series of bets. In most gambling scenarios, and some investing scenarios under some simplifying assumptions, the Kelly strategy will do better than any essentially different strategy in the long run. It was published by J.L.Kelly in 1956 as a theoretical work. Edward O Thorp first demonstrated practical uses of the strategy in 1961.
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AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to takedown@appadvice.com and your information will be removed.