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 Originally Posted by lombracremisi
Believe it or not one of my degrees is actually in Math so it doesn't scare me at all, I actually enjoy it. Sometimes I just get lost in the nitty gritty of it, especially when trying to teach myself all the stuff.
Okay so for clarification, equity as I understand in laymen's terms is "our share of the pot." So if we have 40% equity then we can use this to determine quickly if a call is +EV, but not anything else correct? So if our call is equal to 40% of the to bet pot, aka call/(current pot+ call) = 40% we have a BE move? Just trying to get all these things straight in my head.
That is correct, but even that is a shortcut resulting from the underlying EV equation, as you can see in this other epic post by Spoon: http://www.flopturnriver.com/pokerfo...ll-173396.html
(see the "extra credit: proving the shortcut" paragraph)
It is also incorrect to think that equity is only used in the above case: you will be using equity in all the EV equations you will be making. Equity is indeed your "fair share" of the pot, and it differs from win% only because you sometimes tie.
So EV equations are very much the cornerstone of pokermath and it is important to master them.
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