Casino Games Expected Value Examples With Money

People often make a big deal about the house edge in casino gaming because it represents their relative chances of winning money. For example, French roulette carries a potential house edge of 1. Interestingly enough though, the subject of expected value isn't discussed quite as much when it comes to casino games. But as you'll find out, expected value is just as important when trying to determine how much money you can win while playing certain games.

Expected value EV is how much money you can expect to win or lose with each bet. In order to find out the expected value of each wager, it's important to know the house edge of the games you play.

Using the aforementioned 1. As you can see, your expected value for each French roulette bet is negative. Seeing as how many casino games have a negative expected value, some people wonder what the point in gambling is. After all, the casino will win over the long-term in most games.

But this is exactly the point because players can beat casinos over the short-term.

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However, this is an extremely small edge when you consider the size of the bet; in other words, you are dealing with an almost equal chance of making profits with every wager made.

What's nice is that there are actually a few casino games where players have positive expected value with each bet.

Expected Value

Video poker is one game where this is the case because certain versions of Deuces Wild To illustrate how this works, let's say that you play a Deuces Wild game with Of course, it's also important to realize that you need to use excellent video poker strategy to get this positive expected value.

Some other positive expected value casino games that you might consider taking a look at include poker and blackjack when card counting is involved.

But just like with video poker, you need to be very skilled at these games to take advantage of the positive expected value. Online casino reviews - best casino bonuses. Expected Value Definition Expected value EV is how much money you can expect to win or lose with each bet.

Why play Negative Expected Value Games? Positive Expected Value Games What's nice is that there are actually a few casino games where players have positive expected value with each bet.

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Are Expected Value Games With Money Casino Examples you

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Example 2 Money game