# Kelly Calculator

> Kelly Calculator (iPhone/iPad app by Miterdale Ltd.)

- Source: https://appshunter.io/ios/app/kelly-calculator/id472707388 (this page in markdown: same URL + `.md`)
- Developer: [Miterdale Ltd](https://appshunter.io/developer/381325657)
- Category: Finance
- Price: Free
- Age rating: 17+
- Requires: iOS 8.0 · 14 MB
- Languages: English
- Released: 2011-10-21
- Data updated: 2026-06-04
- User reviews in markdown: https://appshunter.io/ios/app/kelly-calculator/id472707388/reviews.md

## What is Kelly Calculator?

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.


## Version history (last 1 release)

### 1.01 — 2015-10-15

This update from Apple will improve the functionality of this app. No new features are included.

iOS 9 compatibility.

## More apps by Miterdale Ltd

- [HS2 Map](https://appshunter.io/ios/app/hs2-map/id495698746)

All apps by Miterdale Ltd: https://appshunter.io/developer/381325657

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-04.*