Casino Industry Glossary

Expected Value

Betting Systems, Strategies & Mathematics

The mathematical average outcome of a bet over the long run.

In practice

Positive EV = profitable; negative EV = house edge.

One entry from the Casino Industry Glossary — 1,157 terms written for surveillance, compliance and operations professionals rather than for players. Definitions describe industry usage; where a term carries a regulatory meaning, verify against the instrument that governs your jurisdiction.