It is well known that an (n, k, d min ) error-correcting code C , where n and k denote the code length and information length, can correct d min − 1 erasures [15,16] where d min is the minimum Hamming distance of the code. However, it is not so well known that the average number of erasures correctable by most codes is significantly higher than this and almost equal to n − k. In this chapter, an expression is obtained for the probability density function (PDF) of the number of correctable erasures as a function of the weight enumerator function of the linear code. Analysis results are given of several common codes in comparison to maximum likelihood decoding performance for the binary erasure channel. Many codes including BCH codes, Goppa codes, double-circulant and self-dual codes have weight distributions that closely match the binomial distribution [13][14][15]19]. It is shown for these codes that a lower bound of the number of correctable erasures is n−k−2. The decoder error rate performance for these codes is also analysed. Results are given for rate 0.9 codes and it is shown for code lengths 5000 bits or longer that there is insignificant difference in performance between these codes and the theoretical optimum maximum distance separable (MDS) codes. The results for specific codes are given including BCH codes, extended quadratic residue codes, LDPC codes designed using the progressive edge growth (PEG) technique [12] and turbo codes [1].The erasure correcting performance of codes and associated decoders has received renewed interest in the study of network coding as a means of providing efficient computer communication protocols [18]. Furthermore, the erasure performance of LDPC codes, in particular, has been used as a measure of predicting the code performance for the additive white Gaussian noise (AWGN) channel [6,17]. One of the first analyses of the erasure correction performance of particular linear block codes is provided in a key-note paper by Dumer and Farrell [7] who derive the erasure correcting performance of long binary BCH codes and their dual codes. Dumer and Farrell show that these codes achieve capacity for the erasure channel.