Kelly Criterion Calculator 1.2

Kelly Criterion Calculator 1.2

Hergott Technologies, Inc – Freeware – iOS
out of 3 votes
Latest Version
1.2
Safe to install
VERY GOOD User Rating

The Kelly criterion, often referred to as the Kelly strategy or Kelly bet, is a significant concept in probability theory and intertemporal portfolio choice. Originating from the work of J. L. Kelly Jr., a researcher at Bell Labs in 1956, it serves as a formula for bet sizing that systemically leads to greater wealth over the long term, particularly as the number of bets increases indefinitely.

At its core, the Kelly criterion focuses on maximizing the expected value of the logarithm of wealth, which directly correlates with maximizing the expected geometric growth rate. The approach suggests that an individual should wager a specific fraction of their assets, a principle that may initially appear counterintuitive to some.

For instance, when applied to an even-money bet, the calculation for determining the optimal wager size is straightforward: one multiplies the percentage chance of winning by two and then subtracts one. Thus, for a betting scenario with a 70% probability of winning, the prescribed wager would represent 40% of the available funds.

The application of the Kelly criterion extends beyond gambling; it has also influenced strategies in investment management, notably in portfolio diversification. Since the early 2000s, Kelly-style analysis has gained traction within mainstream investment theory. Notable investors like Warren Buffett and Bill Gross have been associated with employing Kelly methods in their strategies. Furthermore, William Poundstone has provided a comprehensive account of the historical context surrounding Kelly betting, offering valuable insights into its evolution and significance in both gambling and finance.

Overview

Kelly Criterion Calculator is a Freeware software in the category Games & Entertainment developed by Hergott Technologies, Inc.

The latest version of Kelly Criterion Calculator is 1.2, released on 01/13/2025. It was initially added to our database on 01/13/2025.

Kelly Criterion Calculator runs on the following operating systems: iOS.

Users of Kelly Criterion Calculator gave it a rating of 4 out of 5 stars.

Screenshots (Click to view larger)

Related


BetOPENLY

BetOpenly.com presents a unique bettor-to-bettor marketplace that fundamentally redefines the traditional betting experience.

Blackjack Strategy Training

Presenting "Blackjack Strategy Training", a comprehensive app tailored to enhance your understanding and proficiency in the timeless game of Blackjack.

Card Counting Companion

Card Counting Companion is a noteworthy open-source application developed in Flutter, designed to assist users in practicing card counting without the necessity of a physical deck.

Day Trade

Day Trade is a stock market strategy game designed to educate users on stock market investing. This application serves as a practical tool for beginners aiming to develop proficiency in trading, offering a risk-free environment to …

Golden Nugget AZ Sportsbook

Experience Premier Sports Betting with Golden Nugget AZ Sportsbook

JOWST

As a sports enthusiast, Jowst offers an engaging platform for friendly banter with your friend's favorite team while competing against them. Select your team, craft a brief video message, and share it with your friend.
Secure and free downloads checked by UpdateStar

Stay up-to-date
with UpdateStar freeware.

Latest Reviews

ResourceHacker ResourceHacker
Customize and modify software resources with ResourceHacker!
Media Downloader Media Downloader
Streamline Your Downloads with Media Downloader
I IOGEAR Auto Printer Sharing Switch
Seamless Sharing with IOGEAR's Auto Printer Switch
O Office Printing Essentials
Office Printing Essentials: Your All-In-One Printing Solution
D Delta Media Player Uninstall
Delta Media Player: A Chokehold on Your System
PDF-XChange 2012 Standard PDF-XChange 2012 Standard
Unlock Productivity with PDF-XChange 2012 Standard
UpdateStar Premium Edition UpdateStar Premium Edition
Keeping Your Software Updated Has Never Been Easier with UpdateStar Premium Edition!
Microsoft Visual C++ 2015 Redistributable Package Microsoft Visual C++ 2015 Redistributable Package
Boost your system performance with Microsoft Visual C++ 2015 Redistributable Package!
Microsoft Edge Microsoft Edge
A New Standard in Web Browsing
Google Chrome Google Chrome
Fast and Versatile Web Browser
Microsoft Visual C++ 2010 Redistributable Microsoft Visual C++ 2010 Redistributable
Essential Component for Running Visual C++ Applications
Microsoft Update Health Tools Microsoft Update Health Tools
Microsoft Update Health Tools: Ensure Your System is Always Up-to-Date!

Latest Updates


VegaWallet 3.3

VegaWallet offers a comprehensive platform, with its secure mobile cryptocurrency wallet serving as just one component of its inclusive user experience. The VegaWallet experience caters to both novice users and seasoned veterans.

CoinLoan Crypto Wallet & Loans 1.7.7

CoinLoan: A Comprehensive Crypto Ecosystem Crypto Wallet If you are searching for a reliable and secure service to hold your assets, CoinLoan is the perfect solution.

Feel: Thérapie Anti Dépression 2.21.0

This Cognitive Behavioral Therapy (CBT) platform aims to assist individuals in overcoming depression and restoring emotional balance.

Makeup Story: ASMR Games 1.2

Makeup Story: ASMR Games offers an engaging interactive experience where players can participate in storytelling by assisting characters in achieving their ideal appearance through makeup and fashion transformations.

ZenchefOS 3.1.9

Zenchef presents itself as a comprehensive platform designed to support restaurant growth. The availability of the ZenchefOS application for Android devices allows users to efficiently manage reservations and optimize table allocation.

Espagnol Français 1.0.0

This is a free application designed to facilitate learning Spanish. It offers foundational concepts of the Spanish language, allowing users to acquire essential vocabulary and grammar skills efficiently.