Poker glossary
Expected Value (EV)
Expected Value is the average amount you win or lose per play in the long run.
Full explanation
Expected Value is the average amount you win or lose per play in the long run.
Explanation. EV is calculated by multiplying outcomes by their probabilities. A +EV decision yields profit over time despite short-run variance. Mastery of EV enables players to choose correct lines, adjust to opponent tendencies, and balance risk versus reward strategically.