I'm mainly an Actionscript developer and by no means an expert in SQL, but from time to time I have to develop simple server side stuff. So, I thought I'd ask more experienced people about the question in the title.
My understanding is that you don't gain much by setting an index in a column that will hold few distinct values. I have a column that holds a boolean value (actually it's a small int, but I'm using it as a flag), and this column is used in the WHERE clauses of most of the queries I have. In a theoretical "average" case, half of the records' values will be 1 and the other half, 0. So, in this scenario, the database engine could avoid a full table scan, but will have to read a lot of rows anyway (total rows/2).
So, should I make this column an index?
For the record, I'm using Mysql 5, but I'm more interested in a general rationale on why it does / does not make sense indexing a column that I know that will have a low cardinality.
Thanks in advance.