What is the Expected Value?

1/3 — Three Key Factors That make a Casino Strategy “Impossible” to beat.

  1. Expected Value (EV)
  2. Variance
  3. Bankroll management (Risk of Ruin)

Expected Value (EV)

  1. Coin Flip / Coin toss (2 sides fair coin)
  2. Die roll (6 sides fair die)
  3. Roulette (0–36 fair European roulette)

Coin Flip / Coin toss (2 sides fair coin)

Die roll (6-side fair die)

Roulette (0–36 fair European roulette)

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