Listeners to our podcast know I typically end with the line, “Go out and hit a royal flush!” Colin Jones, the owner of blackjackapprenticeship.com, one of the sponsors of our podcast, has numerous podcasts of his own in which he typically ends with, “Keep generating EV!” Not that I’m planning on changing, but I like […]
Posts tagged expected value
There’s More to EV than Just EV
“EV” stands for expected value, which is a type of weighted average. The exact definition I’ll leave to the probability and statistics textbooks. As cut and dried as the definition is in the math books, there’s plenty of wiggle room in the way it’s applied to video poker. Before we discuss this wiggle room, let’s […]
Does it Matter?
You’re at your favorite casino. You’ve played a lot all month and are now there for the big drawing. Here’s the way it works: Ten winners get called — they have a minute and a half to show up and identify themselves. If one or more spots are unclaimed after 90 seconds, more names are […]
Expanding Your EV
Even the novice advantage player is familiar with the concept of EV. For the player unfamiliar with the jargon; EV stands for expected value. It is the set of equations that gives a player a way to determine what amount of money they expect to win by engaging in a particular advantage play. And more […]
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