What is EV in Blackjack?
EV stands for “expected value.” It is a statistic that tells you how much money you are likely to gain or lose over the course of a given hand.
It is calculated by taking the odds of each possible outcome and adding them up. The EV for a given hand is then the sum of these individual odds. .
EV can be a useful tool for optimizing your playing strategy. For example, if you are comfortable with the odds of getting a particular outcome, it may be advantageous to increase your bet size in order to increase your chances of achieving that outcome.
Conversely, if you believe that the odds are against you, it may be best to stay conservative and risk less money.
EV can also be helpful in making decisions about whether or not to hold or hit. If the EV for a particular hand is positive (meaning that you are likely to gain money), it may be worth holding; if the EV is negative (meaning that you are likely to lose money), it may be better to hit.
