EV

Abbreviation for expected value. Expected value refers to the average value of any given situation. For example, if you have a flush draw that you think will win a hand (33% chance), the pot is 300, and it is 100 to call, then you have a 33% chance at winning 400. That means you can expect to win 133 on average for an initial investment of 100. This gives you an expected value of +33 since the average winnings are higher than your initial investment.

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