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lonnie
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04-28-2005, 05:46 PM
Post subject: Fold equity
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#1 (permalink)
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Full House
Join Date: Aug 2004
Posts: 923
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I have seen the words fold equity, pot equity, etc used in a ton of posts. I always figured I would eventually figure it out from it's context in the posts. Still haven't. What is it? I should know this already.
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lolzzz_321
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NO YOU
Join Date: Oct 2004
Location: My ice is polarized
Posts: 2,797
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I believe it is similar to Stockholder's Equity.
Assets + Liabilities = Stockholder's Equity
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lonnie
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Full House
Join Date: Aug 2004
Posts: 923
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Triptan3s,
Can you extend that analogy a little further?
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|~|ypermegachi
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4-of-a-Kind
Join Date: Aug 2004
Location: emo-kid
Posts: 3,580
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fold equity = expected value of making your opponents fold. essentially the basis for blind stealing and the flop follow up.
pot equity = expected value of making your opponents call. pumping flush draws is the best example for this.
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gutshot
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Full House
Join Date: Feb 2004
Location: lemonade was a popular drink and it still is
Posts: 608
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Fold Equity Article
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-jay
"i think the biggest leak in my game is using 2nd level thinking against players who can't think on the first level." -Renton
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Chicago_Kid
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Full House
Join Date: Aug 2004
Location: People let me tell you about my best friends...
Posts: 1,132
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Quote:
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Originally Posted by Triptanes
I believe it is similar to Stockholder's Equity.
Assets + Liabilities = Stockholder's Equity
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lol
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"Been gone so long, forgot how to poker"
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Chicago_Kid
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Full House
Join Date: Aug 2004
Location: People let me tell you about my best friends...
Posts: 1,132
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Quote:
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Originally Posted by Chicago_Kid
Quote:
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Originally Posted by Triptanes
I believe it is similar to Stockholder's Equity.
Assets + Liabilities = Stockholder's Equity
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lol |
Initially funny to me, this actually makes sense now at second glance:
(Pot Equity + Fold Equity) + (-)Opponents Equity = Hand Equity
Thus, if you can reason that either your pot or fold equity are likely greater than your opponents...than you're in business.
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"Been gone so long, forgot how to poker"
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Demiparadigm
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4-of-a-Kind
Join Date: Feb 2005
Location: Party 6 max
Posts: 1,602
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Fold Equity = The amount you will win when your opponent folds (1.5 blinds on a steal attempt, or the current pot size) times the probability that your opponent will fold.
So, If it is folded to you in the small blind, and you raise, you are investing 1.5 small bets to win 1.5 small bets. So, this is a +EV play with any 2 cards if you think the big blind will fold more than 50% of the time.
Pot Equity = The total amount of the pot times the percent chance that you will win the pot.
So, with the nut flush draw on the flop you will make your flush about 1 in 3 times, so with 3 or more opponents, your pot equity is greater than the amount of money that you invest in the pot, so a raise is correct (if you expect 3 or more calls.)
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To win in poker you only need to be one step ahead of your opponents. Two steps may be detrimental.
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