About Expected Value

Hi,

Thanks a lot for your immediate response last time. I have again some questions to ask. I hope you don’t mind.

First, what is expected value? Second, how do you calculate your expected value and if +/-? Third and last one, how relevant is such concept in no limit holdem?

Thank you in advance!

Regards,
Jimmy
Jimmy,

Expected value is a number that describes the results of a number of actions. It is an average determining what should happen if a certain condition repeats itself. To calculate it you compare your mathematical chances or winning and losing over a particular set of attempts.

Poker is fluid and situational. People that are into EV are basically trying to make an assumption based on the past. The bad part about this assumption is that poker is not static. It changes constantly. While many variables repeat often, many do not. I don’t put a lot of stock into EV for No Limit.

Tags: actions, expected value, no limit, no limit holdem, poker

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