I posted this over in the card counting section too, but thought I might get a quicker answer here.
I bet $100 when I have an advantage of +1.4%.
My expected value is $100 x 0.014 = $1.40
First of all, is that correct?
Second of all, what does that mean? Does it mean that if I were to make this bet 100 times that I could expect to make $1.40 ?
Thank you.
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