Expected Value (EV)

Created by JKDS on July 22, 2009

Definition

Expected value is a risk vs reward analysis that illustrates how much we would expect to gain, on average, per hand, for a particular action.

The EV of a river call for instance, is:
EV = (Size of pot)*(Chance we win) – (Size of the bet)*(Chance we lose)

Example

Folding has an expected value of zero since money invested in the pot is no longer yours to consider.

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