Kelly Criterion Calculator1.2 - App Store
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Publisher Description
"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)
Version History improvements to design 1.2 07/28/2022 1.0 03/12/2021
About Kelly Criterion Calculator
The company that develops Kelly Criterion Calculator is Hergott Technologies, Inc. The latest version released by its developer is 1.2.
To install Kelly Criterion Calculator on your iOS device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2026-10-14 and was downloaded 0 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Kelly Criterion Calculator as malware if the download link is broken.
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Program Details
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Version History
version 1.2
posted on 2026-10-14
Version History improvements to design 1.2 07/28/2022 1.0 03/12/2021
version 1.2
posted on 2022-07-28
improvements to design
version 1.2
posted on 2022-07-28
Jul 28, 2022 Version 1.2
improvements to design
version -
posted on 2022-05-16
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