Difference between EV and win rate

[squeeks]

Could someone please explain to me what the difference between EV and win rate is, I thought EV is the rate in which you win money.

[callipygian]

Originally Posted by squeeks

Could someone please explain to me what the difference between EV and win rate is, I thought EV is the rate in which you win money.

The numerators are the same but the denominators are different. EV is the amount of money you expect to win divided by the amount you bet. Win rate is the amount of money you expect to win divided by the time you play.

EV x (hands per hour) = Win Rate

This situation frequently comes up in cases of Wonging, where your EV goes up but your hands per hour goes down. Depending on the circumstances, your win rate can go up or down when you Wong.

Edit: Note that win rate is in units per hour.

[zengrifter]

Originally Posted by callipygian

The numerators are the same but the denominators are different. EV is the amount of money you expect to win divided by the amount you bet. Win rate is the amount of money you expect to win divided by the time you play.

EV x (hands per hour) = Win Rate

This situation frequently comes up in cases of Wonging, where your EV goes up but your hands per hour goes down. Depending on the circumstances, your win rate can go up or down when you Wong.

Edit: Note that win rate is in units per hour.

I just learned something. I always just call it all EV. zg

[callipygian]

Originally Posted by zengrifter

I just learned something. I always just call it all EV. zg

If you're a play-all counter, EV is proportional to win rate and there's no reason to differentiate. It's mostly Wongers who have to deal with the issue.

[Kasi]

Originally Posted by squeeks

Could someone please explain to me what the difference between EV and win rate is, I thought EV is the rate in which you win money.

Well I like to call win rate a percent that is the average expected advantage one will have on every hand played.

The win rate is expected units or dollars per hand divided by avg initial bet units or avg initial dollars per round.

That way all I need to know is how many hands I played.

I can divide by hours played anytime I want to get an hourly win rate.

Probably alot of different ways of doing it - it's just that I'd rather know how many hands I've played rather than just knowing how many hours I've played.

Not that a win rate in dollars per hour isn't a bad way to compare games since we'd rather win more per hour even if it means winning less per hand but playing more hands in an hour I guess.