The Expected Value of a Gamble Is the

The expected value of a gamble is the

A) expected maximum you could win if you are lucky enough to win the gamble.
B) expected minimum you could win in a sure bet.
C) average amount you would win or lose if you played that gamble many times.
D) average amount you would win or lose if you played that gamble once.
E) average amount you and your friends would win if you and your friends played that gamble a few times.