Negative Expectation
The long-run disadvantage or loss of a given situation without reference to any particular outcome; that is, what you figure to lose on average after a considerable time of play, or after a large number of repetitions of the same situation.
"Negative expectation" refers to a situation in gambling or gaming where the expected value of a bet or wager is less than zero. This means that, on average, a player will lose money over time when making that bet. In other words, the odds are stacked against the player, and the house (casino or game operator) has a built-in advantage.
For example, in a game like roulette, if the payout for a winning bet does not fully compensate for the probability of winning, the game has a negative expectation for the player. This is a common characteristic in most casino games, where the rules and payouts are designed to ensure that the house makes a profit over the long term. Understanding negative expectation is crucial for gamblers, as it helps them make informed decisions about their betting strategies and manage their bankroll effectively.
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