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Expected gain - Definition |
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The expected gain, in gambling, probability theory or economics is a measure of the relative balance of win or loss weighted by their chances of occurring.
For example, if a fair die is thrown and numbers 1 and 2 win £1, but 3-6 lose £0.5, then the expected gain per throw is
- £1 × 1/3 - £0.5 × 2/3 = £0:
the game is thus fair.
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Example Usage of Expected |
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JoBeezyy: @JoBeezyy I lft my house @ 530pm to go to a bball game nd it is now 1am jus now omw home! I nvr Expected that!! W O W. I miss my boo!!! |
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tinysuz: Wondering whether the football match will be on tomorrow as more snow is Expected. May suit us if it is postponed. |
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miss_lauren_e: Free table service at Eden in Itaewon. Korean men don't look like they make em out to in magazines and on tv. I Expected more. |
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