Expected Value in One Sentence, Then a Warning
Expected value is a weighted average of outcomes. One sentence of definition, then the limits of the idea.
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6 posts tagged "probability".
Expected value is a weighted average of outcomes. One sentence of definition, then the limits of the idea.
Probability counts chances. Odds compare failures with successes. A short, careful guide to both, with deck examples.
Counting the 1,326 possible starting hands shows how rare pocket aces are and how common pairs and suited cards really are.
Variance explains why skilled and unskilled players alike face wild swings. See the numbers behind losing streaks and bad beats.
Pot odds compare the price of a call with the size of the pot. Learn the formula and two worked examples with real numbers.
What outs are, how to count them, and how the rule of 4 and 2 gives a fast estimate that you can check against exact odds.