- 79.0LEGITIMACY SCORE
- 79.5SAFETY SCORE
- 17+CONTENT RATING
- FreePRICE
What is Kelly Criterion Calculator? Description of Kelly Criterion Calculator 1417 chars
"In probability theory and intertemporal portfolio choice, the Kelly criterion (or Kelly strategy or Kelly bet), also known as the scientific gambling method, is a formula for bet sizing that leads almost surely to higher wealth compared to any other strategy in the long run (i.e. approaching the limit as the number of bets goes to infinity). The Kelly bet size is found by maximizing the expected value of the logarithm of wealth, which is equivalent to maximizing the expected geometric growth rate. The Kelly Criterion is to bet a predetermined fraction of assets, and it can seem counterintuitive. It was described by J. L. Kelly Jr, a researcher at Bell Labs, in 1956.
For an even money bet, the Kelly criterion computes the wager size percentage by multiplying the percent chance to win by two, then subtracting one. So, for a bet with a 70% chance to win the optimal wager size is 40% of available funds.
The practical use of the formula has been demonstrated for gambling and the same idea was used to explain diversification in investment management. In the 2000s, Kelly-style analysis became a part of mainstream investment theory and the claim has been made that well-known successful investors including Warren Buffett and Bill Gross use Kelly methods. William Poundstone wrote an extensive popular account of the history of Kelly betting."
- Wikipedia (https://en.wikipedia.org/wiki/Kelly_criterion)
- Kelly Criterion Calculator App User Reviews
- Kelly Criterion Calculator Pros
- Kelly Criterion Calculator Cons
- Is Kelly Criterion Calculator legit?
- Should I download Kelly Criterion Calculator?
- Kelly Criterion Calculator Screenshots
- Product details of Kelly Criterion Calculator
Kelly Criterion Calculator App User Reviews
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Kelly Criterion Calculator Pros
The pros of the Kelly Criterion Calculator application were not found.
✓ Kelly Criterion Calculator Positive ReviewsKelly Criterion Calculator Cons
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✗ Kelly Criterion Calculator Negative ReviewsIs Kelly Criterion Calculator legit?
✅ Yes. Kelly Criterion Calculator is legit, but not 100% legit to us. This conclusion was arrived at by running over 18 Kelly Criterion Calculator user reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, AppSupports Legitimacy Score for Kelly Criterion Calculator is 79.0/100.
Is Kelly Criterion Calculator safe?
✅ Yes. Kelly Criterion Calculator is quiet safe to use. This is based on our NLP analysis of over 18 user reviews sourced from the IOS appstore and the appstore cumulative rating of 4/5. AppSupports Safety Score for Kelly Criterion Calculator is 79.5/100.
Should I download Kelly Criterion Calculator?
✅ There have been no security reports that makes Kelly Criterion Calculator a dangerous app to use on your smartphone right now.
Kelly Criterion Calculator Screenshots
Product details of Kelly Criterion Calculator
- App Name:
- Kelly Criterion Calculator
- App Version:
- 1.2
- Developer:
- Hergott Technologies, Inc
- Legitimacy Score:
- 79.0/100
- Safety Score:
- 79.5/100
- Content Rating:
- 17+ May contain content unsuitable for children under the age of 17!
- Language:
- EN
- App Size:
- 431.00 KB
- Price:
- Free
- Bundle Id:
- com.jakehergott.Kelly-Criterion-Calculator
- Relase Date:
- 12 March 2021, Friday
- Last Update:
- 28 July 2022, Thursday - 23:12
- Compatibility:
- IOS 13.0 or later
improvements to design.