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  • License: Shareware
  • Last update: 4 years ago
  • Total downloads: 25
  • Price: 1.99 to buy | | BUY the full version
  • Operating system: Iphone
  • Publisher: Ravi Deo
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mobile default iconBet Wizard for Iphone Publisher's description

Bet Wizard is a bet staking calculator, for use with Dutching and/or Hedging strategies.

Bet Wizard is a bet staking calculator, for use with Dutching and/or Hedging strategies.

It allows you to bet on more than one outcome in any chosen event.

You can use it to dutch your bets, effectively sharing the risk of losing across a number of bets. It calculates the stakes so that the return is the same if any of them wins.

You can also use it to hedge your bets in order to considerably reduce your risk and increase your chances of a successful outcome. Hedging means placing a covering (hedge) bet on one or more of your selections, in order to recover your wager if any of them win. Allowing you to effectively have an insurance policy to protect your investment and reduce your chances of being out of pocket.

Bet Wizard is simple and easy to use. It automatically works out everything for you based on your input. It will show you how much to bet on each selection, together with the net return. You can also choose to input your odds in fractional or decimal format and whether to round the stakes (for playable amounts). Furthermore, you can adjust the hedge level based on your confidence level in your hedged bet(s). Bet Wizard allows you to bet on up to 12 selections in your chosen event.

It can be used to bet on any event eg Football, Horse-Racing, Cricket, Politics, Financial Markets, Winner of Big Brother, etc.
Here’s two examples:

Example One: You think Blackburn will beat Bolton and want to back them at 2.14 to win and cover the draw result.

Use Bet Wizard to split your £100 to back the win by betting £71 @ 2.14 and hedging the draw by placing £29 on at 3.5.

That way if Blackburn win you make £53 clear profit and if it ends up in a draw you get your £100 back – breaking even.

Example Two: There is a horse race with 9 runners in it. You feel the favourite, at odds of 3.15, may not win the race.

So you use bet wizard to hedge the favourite and back four other horses.
Your £100 wager is split as follows: £32 @ 3.15 (hedged), £25 @ 5.3, £15 @ 8.6, £15 @ 8.6 and £13 @ 10.5.

If the horse you hedged wins you get your £100 back. If any of the other horses win you make a profit of £32.

What's New in This Release:

Contains Fixes for:
-Rotation display issue
-DeciOdds column visibility
-Odds conversion when switching from Fractional to Decimal
-Return column rounding error
-Net% column displayed with % symbol suffix
-smoother scroll to Next odds field
-Rate/Review link button
-Help contains internal hyperlinks

System Requirements:

Compatible with iPhone, iPod touch, and iPad. Requires iOS 4.1 or later.
Program Release Status: Minor Update
Program Install Support: Install and Uninstall

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