Poker Expected Value Basics

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Poker Expected Value Basicslehls for Nevada Online Poker Players

If you're looking to improve your chances of winning at poker, understanding expected value is a great place to start. In this article, we'll break down the basics of expected value and how it applies to your poker game.

What is Expected Value?

Expected value is a mathematical concept that helps you determine the average return on investment for a particular action. In poker, it's used to evaluate the potential gain or loss of a hand based on the probability of winning and the size of the pot.

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Calculating Expected Value

To calculate expected value, you need to consider the following factors:

• Probability of winning: The likelihood of winning a hand based on the cards you've been dealt.
• Pot size: The amount of money in the pot at the end of the hand.
• Your bet size: The amount of money you're betting on the hand.

Example: Expected Value in 5-Card Draw

Let's say you're dealt a hand of 5-Card Draw and you're considering betting $10 on the hand. If you have a 20% chance of winning and the pot size is $100, your expected value would be:

• Probability of winning: 20%
• Pot size: $100
• Your bet size: $10

Expected value = (Probability of winning x Pot size) - (1 - Probability of winning) x Your bet size

Expected value = (0.20 x $100) - (0.80 x $10)

Expected value = $20 - $8

Expected value = $12

In this example, your expected value is $12, which means you can expect to win $12 for every $10 you bet on this hand.

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