Disclaimer and Terms of Use for KellySimulator.com

1. Acceptance of Terms

By accessing and using KellySimulator.com (the "Website"), you agree to be bound by these Terms of Use. If you do not agree with any part of these terms, you must not use the Website.

These terms apply to all visitors, users, and others who access or use the Website, including all tools, calculators, simulators, and educational content.

2. Not Financial Advice

THIS IS THE MOST IMPORTANT SECTION. READ CAREFULLY.

KellySimulator.com provides educational tools and content related to probability theory, risk management, and position sizing. We do NOT provide financial, investment, or gambling advice.

• We do not recommend specific bets, trades, or investments.
• We do not guarantee profits or claim to eliminate risk.
• We do not claim that any strategy, including Kelly Criterion, will result in financial gain.
• We are not registered financial advisors, investment advisors, or gambling counselors.

All information on this Website is for educational and informational purposes only. You are solely responsible for your own financial decisions. Do not bet or invest money you cannot afford to lose.

3. Educational Purposes Only

The simulators, calculators, and educational content on this Website are designed to illustrate mathematical concepts and probability distributions. They are NOT predictive tools. Past performance does not guarantee future results.

Simulations are based on theoretical models that make simplifying assumptions:

• Win probabilities and odds are assumed to be known and constant.
• Outcomes are assumed to be independent (no correlation).
• Liquidity, slippage, and transaction costs are ignored.
• Psychological factors and behavioral biases are not modeled.

Real-world trading, betting, and investing are far more complex than these models. Use the tools to build intuition, not as a substitute for professional advice or rigorous analysis.

4. Risk Disclosure

Gambling and trading carry significant financial risk, including the risk of total loss. Before engaging in any betting or investment activity:

• Understand the risks involved.
• Only wager or invest money you can afford to lose.
• Consult with a licensed financial advisor or gambling counselor if needed.
• Be aware of problem gambling and addiction. If you or someone you know has a gambling problem, seek help at National Council on Problem Gambling.

The Kelly Criterion and other position sizing strategies assume you have a verified edge. If you do not have a positive edge, no staking system will produce long-term profit. Most retail traders and bettors do not have a sustainable edge.

5. No Warranty or Guarantee

The Website and all content, tools, and calculators are provided "as is" without warranty of any kind, express or implied, including but not limited to:

• Accuracy of calculations or simulations
• Suitability for any particular purpose
• Uninterrupted or error-free operation
• Freedom from bugs, viruses, or other harmful components

We make every effort to ensure the accuracy of our content and tools, but errors may occur. You use the Website at your own risk.

6. Limitation of Liability

To the fullest extent permitted by law, KellySimulator.com and its operators (BETO) shall not be liable for any direct, indirect, incidental, consequential, or punitive damages arising from:

• Your use of the Website or reliance on any information provided
• Financial losses resulting from betting, trading, or investment decisions
• Errors, inaccuracies, or omissions in content or calculations
• Interruptions, delays, or unavailability of the Website

This includes losses resulting from the use of any simulator, calculator, or educational content, even if we have been advised of the possibility of such damages.

7. Third-Party Content and Links

The Website may contain links to third-party websites, services, or resources. These links are provided for convenience only. We do not endorse, control, or take responsibility for the content, accuracy, or practices of third-party sites.

Visiting third-party sites is at your own risk, and you should review their terms and privacy policies.

8. Intellectual Property

All content on KellySimulator.com, including text, graphics, code, and design, is the property of BETO or its licensors and is protected by copyright and intellectual property laws.

You may use the Website for personal, non-commercial purposes. You may NOT:

• Copy, reproduce, or distribute content without permission
• Modify, reverse-engineer, or create derivative works from our code
• Use the Website or its content for commercial purposes without authorization
• Frame, mirror, or scrape the Website

If you wish to use our content or tools in a commercial setting, contact us via the Contact Form.

9. User Conduct

You agree not to:

• Use the Website for any illegal purpose or in violation of local, state, or federal laws
• Attempt to hack, disrupt, or interfere with the Website's operation
• Use automated tools (bots, scrapers) to access the Website without permission
• Transmit malware, viruses, or other harmful code
• Impersonate any person or entity or misrepresent your affiliation with any person or entity

We reserve the right to terminate or restrict your access to the Website if you violate these terms.

10. Age Restriction

You must be at least 18 years old (or the legal age of majority in your jurisdiction) to use this Website. Gambling and trading are adult activities with significant financial risk. If you are under 18, do not use this Website.

11. Jurisdiction and Legality

Gambling laws vary by jurisdiction. It is your responsibility to ensure that your use of the Website and any betting or trading activities are legal in your location.

We do not encourage or facilitate illegal gambling or trading. If online betting or trading is prohibited in your area, do not use our tools for those purposes.

12. No Professional Relationship

Use of this Website does not create a professional or advisory relationship between you and KellySimulator.com or BETO. We are not your financial advisor, broker, accountant, or lawyer.

If you need professional advice, consult a licensed professional in your jurisdiction.

13. Changes to These Terms

We reserve the right to modify these Terms of Use at any time. Changes will be posted on this page with an updated "Effective Date." Your continued use of the Website after changes constitutes acceptance of the new terms.

We recommend reviewing this page periodically to stay informed of any updates.

14. Termination

We reserve the right to terminate or suspend access to the Website at any time, for any reason, without notice. This includes but is not limited to violations of these Terms of Use or any applicable laws.

15. Governing Law

These Terms of Use are governed by and construed in accordance with the laws of the United States and the state in which BETO is headquartered, without regard to conflict of law principles.

Any disputes arising from these terms or your use of the Website shall be resolved in the courts of that jurisdiction.

16. Severability

If any provision of these Terms of Use is found to be unlawful, void, or unenforceable, that provision shall be deemed severable and shall not affect the validity and enforceability of the remaining provisions.

17. Entire Agreement

These Terms of Use, together with our Privacy Policy, constitute the entire agreement between you and KellySimulator.com regarding your use of the Website.

18. Contact

If you have questions about these Terms of Use, please contact us via the Contact Form.

Final Note: Trade and Gamble at Your Own Risk

KellySimulator.com is a tool for understanding probability, risk, and position sizing. It is NOT a guarantee of profit. The Kelly Criterion is mathematically optimal only if you have a verified edge and perfect knowledge of probabilities—conditions that rarely exist in real-world betting and trading.

Most people who gamble or trade lose money. If you choose to bet or invest based on concepts learned here, you do so at your own risk. We are not responsible for your financial outcomes.

Use the tools. Learn the math. But do not confuse education with advice.