# Expected Value

*Math & Statistics — Finicade finance glossary*

The long-run average of a random outcome — each result weighted by its probability. It's what a bet is 'worth' before luck decides, and the foundation of pricing anything with an uncertain payoff.

**Also known as:** expectation, mean

**Related terms:** [Probability](https://finicade.com/glossary/probability), [Risk-Neutral Pricing](https://finicade.com/glossary/risk-neutral-pricing), [Monte Carlo Simulation](https://finicade.com/glossary/monte-carlo)

**Taught in:** Math Masters — Integrals: Area, Probability, Expectation

Source: https://finicade.com/glossary/expected-value