Expected Value ( blackjack)
A reference similar to the term expectation. Often, when using the term expected value,
players also include the additional value that may result from comps earned during play.
Expected Value ( keno )
The rate at which an outcome is expected to occur.
Expected Value ( poker )
Expectation (The long-run advantage of a given situation.) expressed as a dollar amount.
For example, if your chance of winning a $100 pot is 50%, your expected value in that pot is $50.
Also, equity. Sometimes shortened to EV.
Expected Value (videopoker)
The statistically projected average per-unit-bet payback of a particular play. Another way of looking at the
EV is the average of all possible outcomes for a particular play or game. Most commercially available video poker
analysis programs give the Expected Return (ER) of each possible play when a hand is analyzed. Assuming a five coin bet,
dividing the ER by five will give the EV. A better technique, however, is to change the bet to one coin and adjust all
one-coin payoffs to per-coin values so that the program will give EV directly. For more details, see my article "What is Expected Value?"
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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
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