Monte Carlo simulator in Java for betting

Calculator with visual output to run Monte Carlo simulations for betting systems and staking plans. To be written mainly in Java. For public use on a website but using the local CPU for the calculations so most likely an applet type application. ## Deliverables Calculator for Monte Carlo simulations for betting systems and staking plans with a visual, graphical, output. User interface web-based but using the local CPU for the calculations. I do a lot of Java programming myself but i have never done any visual graphical components and that is the main reason i'm looking for someone else to do this. The idea is to have a calculator available on a website as a research and learning tool. The user can input his data using the standard web interface with html pages, forms, possibly a database where the calculator is used on a website that has user accounts. The calculator should run using the local CPU so i do not need to worry about server resources. Here you will need to suggest and talk me through the possibilities. The only thing i am familiar with hands-on are applets and that's been a few years ago. The output of the program should be in a graphical form. First of all because it is the most efficient way of displaying the data and second because it simply looks cool and impressive. Here again you'll need to suggest solutions and talk me through examples. I am open to additional technologies on top of the Java programming like flash or whatever as long as that provides substantial functionality. You need to know exactly on mathematical level what a Monte Carlo simulation is. Would also be to your advantage if you already understand the mechanics of sports betting although i can provide that expertise. In it's simplest form the calculation is this: - take bets with odds of 1.90 to 2.10 (random in that range) - take a 100 points starting bank and place 1 point per bet - take an expected yield of -2% - take a total of 1000 bets - run a Monte Carlo simulation X times and show at what point on average the bank reaches 0 . This would be known as calculating the risk of bancruptcy. There are many variations like this possible so the approach should be modular as i'll probably want to add calculation variations over time. I have no urgency with this project and intend to take whatever time is needed to arrive at the most appropriate solution. * * *This broadcast message was sent to all bidders on Sunday Sep 5, 2010 10:34:18 AM: I found a few webpages that can be reviewed as reference: [login to view URL] [login to view URL] [login to view URL] This last one closest to what i'm looking for. [login to view URL]