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In probability theory, the expected value of a gamble represents the average outcome one can anticipate from a gambling scenario when repeated multiple times. This mathematical concept helps gamblers make informed decisions by calculating potential gains and losses.
The expected value is calculated by multiplying each possible outcome by its probability and summing all these values. For instance, if a game offers a 50% chance to win $100 and a 50% chance to lose $50, the expected value would be （0.5 * $100） + （0.5 * -$50） = $25.
While expected value provides mathematical guidance, it\“s crucial to remember that gambling involves risk and should be approached responsibly. Many factors beyond pure mathematics can influence actual outcomes in gambling situations. |
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Post time 2025-11-7 11:49:12