This app calculates the optimal bet size for wagers using the Kelly criterion formula. It helps determine the predetermined fraction of assets to bet for maximizing long-term wealth growth. Useful for gambling and investment diversification.
1.2
July 28, 2022
improvements to design
The Kelly Criterion Calculator is an application that implements the Kelly criterion formula to determine the optimal bet size for wagers. It aims to maximize long-term wealth growth by calculating a predetermined fraction of assets to bet.
It uses the Kelly criterion formula, which involves the probability of winning and the odds of a bet, to calculate the optimal percentage of your bankroll to wager. This method is designed to maximize the expected geometric growth rate of your wealth.
The app is based on a complex probability theory concept. While it provides the calculation, understanding the underlying principles of the Kelly criterion is recommended for effective use, especially for beginners in gambling or investing.
The Kelly Criterion Calculator is available for iPhone, iPad, and iPod devices, as indicated by its compatibility information.
The Kelly Criterion Calculator has an age rating of 17+, suggesting mature themes or content that may not be suitable for younger audiences.
The latest version of the Kelly Criterion Calculator is 1.2, and it was last updated on July 28, 2022. This indicates a moderate update frequency.
No, the Kelly Criterion Calculator does not contain advertisements. It is a completely ad-free application.
The Kelly Criterion Calculator has a rating of 4.0 stars based on 3 user reviews. This suggests a generally positive reception from its users.
