Expected Value (EV) - Learn how to easily calculate E.V. - our expert guide includes a clear explanation, poker probabilities and examples. In probability theory, the expected value (EV) of a random variable is the weighted average of all possible values a random variable can take. The Expected Value of a bet shows us how much we can expect to win (on average) per bet, and as such is the most valuable calculation a bettor can make.
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Using representations as Riemann—Stieltjes integral and integration by parts the formula can be restated as. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page. They were very pleased by the fact that they had found essentially the same solution and this in turn made them absolutely convinced they had solved the problem conclusively. This is utilized in covariance matrices. With so many situations where probability dictates the outcome, it stands to reason that the concept of expected value will apply a lot in poker situations. Pot Odds I posted thread somewhat similar to this one