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EV, Variance, Fold Equity
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Ification
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06-06-2008, 02:57 PM
Post subject: EV, Variance, Fold Equity
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#1 (permalink)
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Join Date: May 2008
Posts: 53
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So i think Ive got the basics pretty much down pat. Preflop hand selection, knowing when to continue post flop, position, pot odds, implied odds all the routine beginner stuff. But I hear a lot about Ev, Variance, and Fold Equity and Ive somewhat looked into em, and still not making much sense. Can someone break it down into dumbass terms so i can better understand these. They sound kind of important.
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euphoricism
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4-of-a-Kind
Join Date: Mar 2005
Location: Your place or my place
Posts: 3,610
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EV = Expected Value. How much value you expect to make on a given move, be it bet check raise etc
Variance = Sometimes you can play absolutely perfectly and still lose due to a shitty turn or river card. Sometimes this can happen 5 days in a row. This is variance. Its just the term for those up and down swings we all get
Fold Equity = Lets say I have a flush draw and two overcards. So I haven't made a hand yet. Our opponent bets, and we RAISE. We do this because of fold equity. Our villain will fold a better hand x% of the time, and that x% adds money to our pocket, in addition to the fact that we could turn our flush or hit one of our overcards. Remember the fundamental theorem of poker?
Maybe someone else can think of a better example, that ones not the best.
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