KellyCalc
Detailed App Info:
Application Description
KellyCalc is a calculator for the Kelly Criterion. If you already know what that is, read no further.
If you need to know, here it is: say someone is offering you a 5:2 payoff if Secretariat wins the Kentucky Derby, and you think Secretariat has 60% odds of winning. Your bankroll for gambles like this one is $1000.
What's a reasonable amount to wager on Secretariat?
The Kelly Criterion exists to supply an answers to this question.
This application is a streamlined way to calculate the Kelly Criterion and get a ballpark figure for how strong the edge you think you have actually is.
As always any gambling you choose to do is at your own risk, and if you can't afford to lose it you shouldn't be gambling with it in the first place. You should only be using this app to get a quick gut check on how big the edge you think you have is.
If you need to know, here it is: say someone is offering you a 5:2 payoff if Secretariat wins the Kentucky Derby, and you think Secretariat has 60% odds of winning. Your bankroll for gambles like this one is $1000.
What's a reasonable amount to wager on Secretariat?
The Kelly Criterion exists to supply an answers to this question.
This application is a streamlined way to calculate the Kelly Criterion and get a ballpark figure for how strong the edge you think you have actually is.
As always any gambling you choose to do is at your own risk, and if you can't afford to lose it you shouldn't be gambling with it in the first place. You should only be using this app to get a quick gut check on how big the edge you think you have is.
Requirements
Your mobile device must have at least 193.24 KB of space to download and install KellyCalc app. KellyCalc was updated to a new version. Purchase this version for $1.99
If you have any problems with installation or in-app purchase, found bugs, questions, comments about this application, you can visit the official website of Tortuga 22, Inc. at http://tortuga22.com.
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