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Expected Value

Poker Glossary

This is a mathematical term that is highly relevant to poker. Expected Value is how much you expect to win on a hand in the long run. For example, suppose you have a 50% chance of winning a $12 pot. Sometimes you will win $12 and sometimes you will win $0. However, your expected value is $6. The way you calculate expected value is (percentage chance of winning * pot size). For more information, please read en this article @@ /strategy/expected-value.php. Expected value is central to the concept of pot equity

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(Submitted by TwoGun)

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