Math noob question

[next minnow]

Given a €100 bet. With 32,1% chance to win €350 and 67,9% chance to lose your bet.

How do i calculate if this bet is profitable or not in the long run? Expected Value.

Hope im not a bother, thanks in advance 🙏

[stuck owl]

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[languid carbon]

expected value is 0.321×350+0.679×0 which is €112.35

meaning over time you are expected to gain

@next minnow

[next minnow]

Makes total sense, thank you so much! 😁

[languid carbon]

np

[next minnow]

+close