The first moment of a random process, also known as it's mean or average value, and often given the symbol &micron;. In gambling, the Expected Value can be computed for a game itself (example: JOB video poker has an Expected Value of 99.54% when played with a Max-EV strategy) or a particular instance (example: in PKM video poker, the dealt hand with the highest Expected Value is trips) or the entire playing situation (by including the value of cash back and comps, if any). For video poker, Expected Value is usually expressed in percentage units, whereas a game that is exactly break even has an Expected Value of 100%, and a positive game has an Expected Value of greater than 100%. However, other units may be used, including fractional units, or real currency. Expected Value is generally used interchangeably with Expected Return, Return, and sometimes Expectation and long-term return.

International Game Technology (IGT) Video poker game developed by Leading Edge Design, in which there are four levels of play, each level worth twice as much as the last. Players must win the preceding level to advance to the next. Max coins for the game is four times the max coins for single level play. Max-EV strategy depends on the level. In general, the return for Multi-Strike is at least as good as the base game it is based on. The variance of Multi-Strike, however, is always greater then the base game.

Following a pre-determined strategy perfectly, without mistake or deviation, in any way. In most cases, Perfect Play refers to play following a simplified Max-EV strategy.