Freeware: Palm

	Smart Gambler's Calculator for Palm OS  License: Freeware
	Smart Gambler's Calculator allows one to calculate the main parameters for fixed-size and fixed-fraction betting. The main input parameters are grouped into several groups. The first group contains data about the properties of a single bet: probability of winning the bet, and the payoff (prize-to-bet ratio). The second group contains parameters of the gambler's "comfort zone": bankroll, number of games to play (or number of bets to place), and desired profit or prize-to-win in these games/bets. The calculator shows the expected value (profit/lose in the long run) and standard deviation (variability) of this gambling or investment opportunity. For the fixed bet, the probabilities of reaching the goal and of losing the bankroll are calculated. For the fixed-fraction betting strategy, the optimal fraction (percentage) of bankroll is determined. In contrast to Kelly's system, in which it is assumed that a player is a risk-averse person (so not a gambler) and which is applicable only to games with positive expected values, this system has none of these restrictions. The optimality is determined in the following way. First of all, the optimal fixed-fraction bet should minimize the probability of ruin. In theory, if money were "infinitely divisible," the probability of ruin in fixed-fraction betting is zero. The second objective/criterion is to maximize the probability of reaching the established goal, and the third objective/criterion is to maximize the expected value of the player's bankroll, subject to restrictions set by the previous criteria. Author: AdvMathAppl| Date: 30-08-2004 | Size: 88 KB
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	PhotoMeister  License: Freeware
	Helps you to handle, edit and publish photos from your digital camera. All functions that you need to manage your photos and to impress your family, friends or customers with your photos are included in one piece of software! Easy to use and install! Built around three basic functions: 1. Import: putting photos into albums or getting them from a digital camera into PhotoMeister 2. Improve: editing photos to remove red eye, make color or other adjustments, and even using an external editor 3. Impress: printing your photos or packaging your photos up for delivery through email or the web Photomeister helps you accomplish a number of important tasks regarding your digital photo collection: 1. Finding photos quickly: through PhotoMeister's intuitive and simple interface, you can quickly locate your photos in albums based upon a standard naming convention. 2. Managing your collection: PhotoMeister includes a number of easy-to-use features such as copying photos, importing photos into albums (from existing folders on your hard drive, from a digital camera, or from a TWAIN-compliant source like a scanner), dumping photos (from an album), and deleting photos (to the Windows Recycle Bin). 3. Editing photos: you don't need to be an Adobe™ Photoshop® guru to handle the basic editing of your photos. Photomeister has built-in editing capabilities that allow you to do such things as rotate, crop, reduce red-eye, and add frames. If you want more advanced editing opportunity, PhotoMeister allows you to set a default “external editor” (like Adobe™ Photoshop®) that launches when you click the Edit button. 4. Sending your photos: If there's one thing that PhotoMeister simplifies, it's sending out photos. Using PhotoMeister's build in “publishing templates” you can create web-based photo albums and email your creations, all without using any additional software! Author: Paessler AG| Date: 05-04-2006 | Size: 11682 KB
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