Expected value (ev)

Expected value (ev)

In probability theory, the EV of a random variable is the weighted average of all possible values that this random variable can take on.

The weights used in computing this average correspond to the probabilities in case of a discrete random variable, or densities in case of a continuous random variable.

Professional poker players can spend a lot of money in software allowing them to know the EV, and therefore have an advantage over other players.

This is auto-generated content. You can help to improve it.

0 0

Improve it

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Games
Category: Poker
Company:
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

expected value (ev)

Games; Poker

In probability theory, the EV of a random variable is the weighted average of all possible values that this random variable can take on. The weights used in computing this ...

drag light

Games; Poker

To pull chips away from the pot to indicate that you don't have enough money to cover a bet. If you win, the amount is ignored. If you lose, you must cover the amount from your ...

going south

Games; Poker

To sneak a portion of your chips from the table while the game is underway. The intent is to reduce the stakes you have at risk. Normally prohibited in public card rooms. Also ...

balance

Games; Poker

Balance refers to playing very different hands in the same way, with the aim of making it more difficult for an opponent to gain useful information about the cards a player has, ...

angle

Games; Poker

A technically legal, but borderline unethical, play. For example, deliberately miscalling one's own hand to induce a fold, or placing odd amounts of chips in the pot to confuse ...

ante off

Games; Poker

In tournament play, to force an absent player to continue paying antes, blinds, bring-ins, or other forced bets so that the contest remains fair to the other players. Go ahead and ...

back in

Games; Poker

To enter a pot by checking and then calling someone else's open on the first betting round. Usually used in games like Jackpots, meaning to enter without openers.

Terms in the News

Featured Terms

Harry8L

0
Terms
0
Blossaries
1
Followers

Industry/Domain: Entertainment Category: Music

Adam Young

American musician who founded the band, Owl City, via MySpace. He was signed onto Universal Republic record company in 2009. Before signing on with ...