Expectation ( blackjack)


A reference to what a player or the house can statistically expect to win or lose on a given bet or game.
For example, the house expectation on a pass line bet at craps is 1.4%. This simply means that the house
can expect to win 1.4% of all the money bet on the pass line over the long run. Since the only outcomes are win
one unit or lose one unit, a 1.4% expectation means winning 50.7% of the time and losing 49.3% of the time.
If the same bet were described for the player, it may be stated by saying the player on average gets 98.6% of his
money back on the pass line bet (getting 100% back would be breaking even) or it could be stated that
the player has a 1.4% negative expectation on that bet.




Expectation ( poker )

The long-run advantage of a given situation, specifically without reference to any particular outcome. I.e.,
what you figure to win or lose on average after a large number of repetitions of the same situation.




Expectation (videopoker)

[1] A term referring to the amount of you expect to gain on average if you make a certain play.
For instance, suppose you put $10 into a $50 pot to draw at a hand that you will make 25% of the time,
and it will win every time you make it. Three out of four times, you do not make your draw, and lose $10 each time
for a total of $30. The fourth time, you will make your draw, winning $50. Your total gain over those four average
hands is $50-$30 = $20, an average of $5 per hand. Thus calling the $10 has a positive expectation of $5.

[2] The amount you expect to make at the poker table in a specific time period. Perhaps in 100 hours play, you have won $527.
Then your expectation is $5.27/hr. Of course, you won't make that exact amount each hour (and some hours you will lose),
but it's one measure of your anticipated earnings.




Copyright 2004 http://www.medieval-online-casino.com

 

Other Gambling Glossary / Terms Related Sites:
* Gambling Terms - Las Vegas Online Casino
* Gambling Glossary - Online Casino Vegas Gambling Terms Glossary
* Casino Words - Nevadagold Casino Casino Games Directory
* Gambling Words - Online Casino Cleopatra Palace
* Online Casino Glossary - Welcome to Worldnet Jackpot Online Casino Terms


Casino Las Vegas - Online Casino - Las Vegas Online Casino Gambling.
Online Casino - At Worldnet Jackpot play online casinos games like blackjack, roulette, video poker, slots and more bonus to win
Intetronic Online Casino - Online casino and online casino reviews, gambling news online! The latest news in the casino and gambling industry.
Gambling - Gambling Circus, win online casino bonuses and cash playing free Internet Casino Games and online casino games.
Internet Online Casino - Online Gambling; Enjoy our casino online and free online gambling games like in las vegas casino, including online blackjack, video poker, slot machines, gambling sign up bonus and online gambling.
Online Gambling - Online Gambling; Enjoy our casino online and free online gambling games like in las vegas casino, including online blackjack, video poker, slot machines, gambling sign up bonus and online gambling.