The average outcome here is also fairly straightforward: you would expect, on average, to win 50 cents.īecause the probability indicates you would profit from this scenario in the long run, taking that risk would be a ‘ positive EV’ (positive expected value) decision. It’s clear that there is a 50% chance of winning a dollar and a 50% chance of winning nothing. Let’s say you will receive $1 if it comes up heads, and nothing if it comes up tails. How Much Money Can You Make Playing Poker?Ī fair coin, when flipped, has a 50% chance of coming up heads, and a 50% chance of coming up tails.
