Expected value

The average result of a decision if you made it many times. EV for short.

Example

Risk 10 to win 30, and win one time in three: on average you make about 3.3 per try.

Also written: ev, +ev.

Related

Practise it in 5 minutes

Quads is for adults, 18 and over. It teaches with play chips only: there is no real money, ever.