Archive for May, 2008


Expected Value and All That

Wednesday, May 14th, 2008

There’s a lot of talk about Expected Value, or EV, on different games at the casino, i.e., how much you’ll win/lose on average when playing different games. Of course, it’s extremely rare that these numbers add up in any single session, but over, say, a few thousand sessions you can usually count on the numbers to be roughly equivalent with the expected value. (more…)