LuckyLoop

Expected Value Without the Jargon

intermediate 2 Min. LesezeitAktualisiert 21.6.2026

Combine probability and net results into one honest long-run average.

Combine probability and net results into one honest long-run average.

List every possible net result

EV includes both positive and negative net changes. Returning a stake is not the same as winning that amount as profit.

Weight results by probability

Multiply every net result by its chance, then add them. The result is an average over repetition, not a forecast for one round.

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Key takeaways

  • Use net outcomes when calculating EV.
  • EV summarizes repeated decisions.
  • Two games with similar EV can have very different volatility.

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