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Poker glossary · Math & odds

What does “expected value” mean in poker?

Also called: EV, +EV, -EV हिन्दी में पढ़ें

Definition

Expected value (EV): The average result of a decision if you could repeat it many times.

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EV = (chance of each outcome × what you win or lose in it), added together. A +EV decision makes money in the long run even if it loses this time. Thinking in EV rather than results is one of the biggest steps a player can take.

Example: Calling 50 to win 150 with 30% equity: 0.30 × 150 − 0.70 × 50 = +10 chips on average.

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