Online Poker Bonus Codes

Expected Value (EV) - Guide explaining the concept of expected value.

Find Out More
Top 5 Bonus Offers

Rank Poker Room Bonus Code Value

888POker 888Poker TOP15 $3,920

Bet365 Poker bet365poker With Link $1,005

Titan Poker Titan Poker FREEBCASH £1,200

Sky Poker Sky Poker With Link £510

Party Poker Party Poker With Link $5,500

Terms and conditions do apply to each of the offers above.

Expected Value / EV

Expected value can get a little complex however the basics are quite straight forward. In principle every poker player will be faced with decision after decision in how they play each hand. Expected value is the return you can expect to receive over the long run based upon the probabilities of various outcomes. EV is affected not only by you but also the players around you and can be positive (meaning you make money in the long run) or negative (you lose in the long run). So why is this so important?

Well every player should want to maximize their expected value as they should be looking to maximize their return on investment (how much they wager). Check out this article on Wikipedia which goes into significant depth on expected value.

"In probability theory and statistics, the expected value (or expectation value, or mathematical expectation, or mean, or first moment) of a random variable is the integral of the random variable with respect to its probability measure. For discrete random variables this is equivalent to the probability-weighted sum of the possible values, and for continuous random variables with a density function it is the probability density -weighted integral of the possible values.

The term "expected value" can be misleading. It must not be confused with the "most probable value." The expected value is in general not a typical value that the random variable can take on. It is often helpful to interpret the expected value of a random variable as the long-run average value of the variable over many independent repetitions of an experiment.

The expected value may be intuitively understood by the law of large numbers: The expected value, when it exists, is almost surely the limit of the sample mean as sample size grows to infinity. The value may not be expected in the general sense – the "expected value" itself may be unlikely or even impossible (such as having 2.5 children), just like the sample mean. The expected value does not exist for all distributions, such as the Cauchy distribution.

It is possible to construct an expected value equal to the probability of an event by taking the expectation of an indicator function that is one if the event has occurred and zero otherwise. This relationship can be used to translate properties of expected values into properties of probabilities, e.g. using the law of large numbers to justify estimating probabilities by frequencies."

Bonus Codes Bonus CodesGetting Started Bonus Codes

If you feel you are good to go, select one of our advertised sites using any of our site links. When you visit the site, you will have to download their software (install it on your drives) and create a player account. You DO NOT have to deposit into your account at any stage (if you just want to have a look before deciding), although a number of our generous offers are based on real money play, so to be given the bonus you will need to make a real money deposit - this is entirely up to you whether to do this or not. Once your account is created you are pretty much ready to go. All our rooms are listed with bonus offers. Again, you are free to have a look around and use the practice tables if you do not feel you are ready to play for real money.

Ready to get into the action? Check out the best poker sites of the month or compare our best poker bonuses.

Best Bonus Offers $$
Interesting Facts

Poker is one of the top favorite sports and games on TV. According to TV ratings, it comes third after football and car racing in that order.

Our Top Lists

Top 5 Poker Rooms

Editor Recommendation

Online Poker Offers

Get the Best Poker Bonus with the highest value Online Poker Bonus Codes for 2018.

We are Social

Follow us on Facebook!