Definitions for "Expected value"
Average value obtained by weighting possible realizations by their probabilities.
("EV") A way for comparing the values/ cost s of different scenario s, rank opportunities and risks. A notional value that is calculated by multiplying the probability of an outcome time s the estimate cost of that outcome. See also Most Likely Value. [D03624] RMW
Expected value is how much you can expect to lose (negative) or win (positive) from a bet. For example the expected value in American double-zero roulette is -5.26%. That means you can expect to lose 5.26% of every dollar you bet.
Keywords:  lane, steps
Keywords:  euro, profit, run, loss, long
This is the rate of profit or loss in Euro that you can expect over the long run.
Keywords:  above, see
see above.
Keywords:  reference, term
(). A reference similar to the term expectation.
Keywords:  see
see Expectation