PLAIN ENGLISH
What does Expected Value / EV mean?
Expected value weighs possible outcomes by their probabilities. Positive EV does not mean every individual trade or bet wins; it means the average payoff is favorable under the assumptions.
IN THE WILD
How people use it
Used in active trading, chart discussion and risk-management conversations.
EXAMPLE“The bet can lose and still have positive EV.”
ALSO USED AS
EV · expected value