Expected_gain Expected_gain

Expected gain - Definition
Related Words: Calm, Composed, Cool


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
spooney35: RT @DivaUSA: Bart Stupak is voting YES on #HealthCare--WOW! WOW! It is Expected that the Stupak 8 will follow. USA finally joining the civilized world!:)
onetarot: RIP Margaret Moth. No one Expected you to die of cancer -- you least of all. http://vb.ly/25uk
susanslusser: Plus the Commissioner is Expected today. Nothing will be announced about the #athletics stadium report, I'm told. What a slow process. #mlb
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