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Revolver123
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02-05-2009, 08:10 AM
Post subject: Can somebody explain equity please?
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#1 (permalink)
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Straight
Join Date: Dec 2008
Posts: 123
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This is a term that wasn't around two years ago. Nowadays people speak of equity vs certain hands and fold equity.
I'm not sure what they mean but they seem to give justification to bet in certain spots where without this tool, you normally wouldn't.
And please  In lamens terms. please. I'm good at math in general but not good at complicated formulas yet when it comes to poker
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Stacks
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4-of-a-Kind
Join Date: Jan 2008
Location: Im opedipus bitch, the original balla.
Posts: 2,605
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oh dat search feature.
http://www.flopturnriver.com/phpBB2/...ty-t81492.html
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daven
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Straight Flush
Join Date: Aug 2007
Location: soaking up ethanol, moving on up
Posts: 5,805
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equity kinda = $ potential
oh, and what stax said
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Revolver123
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Straight
Join Date: Dec 2008
Posts: 123
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I never liked using the search feature on any boards because it prohibits you from starting your own discussion and have the answers be personalized to you. In addition, if you respond with a question to a 1 year old thread that has 25 responses, nobody is going to read it.
Anyway, I did read that thread and I'm wondering how much this can be applied to 5NL when it is extremely difficult to put ranges on other players, as you rarely see the same players twice and they don't last long at the tables.
I still need to figure out the math though...
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Stacks
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4-of-a-Kind
Join Date: Jan 2008
Location: Im opedipus bitch, the original balla.
Posts: 2,605
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Quote:
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Originally Posted by Revolver123
I never liked using the search feature on any boards because it prohibits you from starting your own discussion and have the answers be personalized to you. In addition, if you respond with a question to a 1 year old thread that has 25 responses, nobody is going to read it.
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Well to be honest and confess, I didn't really use the search feature. I just scrolled down like 10 posts because I already knew there was an equity thread a few days ago.
Also I'm unsure about this "personalized to you" thing you speak of. You asked what equity is, others have asked what equity is. Why does the response need to be personalized in any manner here? It isn't a hand history, or a personal question. It's just another thing you could learn if you read the articles throughout FTR.
Quote:
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Originally Posted by Revolver123
Anyway, I did read that thread and I'm wondering how much this can be applied to 5NL when it is extremely difficult to put ranges on other players, as you rarely see the same players twice and they don't last long at the tables.
I still need to figure out the math though...
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You have no equity at 5nl. It does not exist because their range is 27o+. Just to be sure I ran it through Pokerstove. Sure enough. Here is a picture of the output.
Well shit!
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Ragnar4
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Full House
Join Date: Sep 2005
Location: Billings, Montana
Posts: 1,284
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Well, a lot of time the equity is nearly absolute equity.
Like lets say that you have the NFD, with two cards to come. If you were to get all of the money into the center right then, your equity would be 36% so if you put 3 dollars into a 3 dollar pot, you have 2 dollars of total equity. (ish)
If that were a shove, and you figgured your opponent might fold to your shove 14% of the time, your equity in this spot is 3 dollars, or 50%. (this is assuming there is no opponent to call... it would actually be 4.50 if your opponent called.
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The older I get, the more I start wondering; Just what in the hell is going on here? 
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Muzzard
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4-of-a-Kind
Join Date: Aug 2006
Location: Cheshire, UK
Posts: 1,843
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5 spades sir
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vaks
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Flush
Join Date: Apr 2005
Posts: 331
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a general rule of thumb for equity is...
at 5nl you can count on about 5% of standard equity applying
at 10nl you can count on about 11% of standard equity
at 25nl you can count on about 33.5% of standard equity
at 50nl you can count on about 68% of standard equity
I hope this helps
mm this post doesnt even make sense to me, just read what you can about equity... it applies to all limits,
i dont give a fuck what limit your at either you can put someone on a range, and you should start doing this immediately if you plan on moving up ever
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Sasquach991
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Full House
Join Date: Sep 2008
Location: Rat Cheer
Posts: 1,012
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That's some funny shit there stacks. I can't believe you got no love for that one.
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"Just cause I'm from the South don't mean I ain't got no book learnin'"
Quote:
Originally Posted by a500lbgorilla
...we've all learned long ago how to share the truth without actually having the truth.
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Revolver123
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Straight
Join Date: Dec 2008
Posts: 123
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If there was a way for me to ban stacks from my threads, I would. All he has is experience on me, not intelligence (in fact, I think I'm smarter than him and had we been playing the same amount of time, I would give him a run for his money)
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vaks
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Flush
Join Date: Apr 2005
Posts: 331
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Quote:
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Originally Posted by Revolver123
If there was a way for me to ban stacks from my threads, I would. All he has is experience on me, not intelligence (in fact, I think I'm smarter than him and had we been playing the same amount of time, I would give him a run for his money)
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i highly doubt this. since stax went from a 50$ br to destroying 1/2 nl in a matter of months...
and from what it seems like you do not have much intelligence since you are asking stupid questions which have been covered in depth all over this forum and every other poker forum....
I remember when stax first started out, and he asked stupid questions, but he would always do his research first and he was always listening to people who were MUCH BETTER THAN HIM... which seems to be a huge fault you have..
i dont see why people starting out dont like listening to people who know 1000x more than them and actually do this for a living...
im pretty sure the guys making a living at this game can give some of the best advice out there, and your one lucky son of a bitch to be receiving this advice.... so if you know whats good for you you should be happy as fuck to be receiving it and try to take it and apply it to your game, or you will never get out of 5nl, and you will just be another failed wannabe poker player
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Stacks
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4-of-a-Kind
Join Date: Jan 2008
Location: Im opedipus bitch, the original balla.
Posts: 2,605
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I luz you vaks. I luz everybody.
Revolver123.. Has it crossed your mind that maybe, just maybe, I have picked you out of the entire bunch here in the BC and saw so much potential in you that I am trying furiously to aid you in reaching your maximum potential?
I mean that's definitely not the reason for our bickering, but has it crossed your mind though?
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Muzzard
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4-of-a-Kind
Join Date: Aug 2006
Location: Cheshire, UK
Posts: 1,843
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All i can say is I wish stax spent so much time teaching me stuff!
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Stacks
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4-of-a-Kind
Join Date: Jan 2008
Location: Im opedipus bitch, the original balla.
Posts: 2,605
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Quote:
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Originally Posted by Muzzard
All i can say is I wish stax spent so much time teaching me stuff!
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omg.. My avatar, your avatar, and kmind's avatar should so make a naughty video. Yeah revolver... I said it.. I need more child porn!
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bigspenda73
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Straight Flush
Join Date: Jul 2006
Location: Pwnsylvania
Posts: 7,545
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that's enough from everyone
OP, please attempt to use the search function OR read the Digest/stickies and resurrect past threads instead of starting new ones. If you want personalized answers you're going to have to ask personalized questions.
If you two could just try to avoid each other you'd be saving me a lot of grief. Thanks.
As for your post, plain and simple equity is the % of the time a player should expect to win a pot once all 5-cards are dealt. Programs like pokerstove help us to solve very complex cases but if you want to understand how to do it yourself it's quite simple. All you need to know is an estimation of the number of outs (cards that win you the hand) versus cards (non-outs) that do not. Once you know this it's quite a simple mathematical equation where equity= (#of outs) / (total number of unseen cards). This would be with one street left. With two it's slightly more complex, but it would be:
[1-(chance to hit the turn)*(chance to hit the river)]*[100]
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