Quote:
Originally Posted by Random_Hero
Quote:
Originally Posted by Sheetah
Or odds taking FE (folding equity) into consideration:
Say you called PFR with 78s and flopped nut straight draw.
Pot:9BB
Villain cbets 9BB ...
pot:18BB, you have, say 80BB behind, VILLAIN covers
What will happen if you shove (All in) right here on flop? You already know that for two more cards to come you'll make your str8 about 32% of the time (4 x 8 outs) or your odds are roughly about 1-to-2. If VILLAIN calls that'll be taking shot at 98BB pot with 80BB bet or about 1-to-1.2 , obviously not good. But what if VILLAIN will call 70% of the time and fold 30% (after all, hardly you will ever see situation that's 100% certain). Now there's some math to do:
1) 30%: you shove, he folds, you win = 18BB
2)70%: you shove, he calls:
- 32%(of 70%) you make str8 = 178BB
- 68%(of 70%) you lose = -80BB
Summary:
0.3*18BB + 0.7*0.32*178BB - 0.7*0.68*80BB = 7.19BB
So with 30% FE you are actually making EV+ play gaining on average 7BB+. The more likely he is to fold, the more you gain.
Just wondering. Are people able to calculate this whilst playing? Im sh*t at maths and have never been able to get my head around equations like this!!
Are these sums really
that relevant whilst playing?
If so is there a way to learn these easily (for the mathematically challenegd) or does it just come from experience, as big spenda states?
cheers.
what you'd try to do is work out your expectation if you're called. If it's "close" to what you'd get by folding (which is zero) and there's a chance they'll fold then stick it all in.
In any case, the example is flawed. You need heaps more fold equity with such a weak draw and a small pot. The mistake made is that winning does not win you 178BBs, it wins you 169BBs less what you put into the pot to win it. In other words, you get +89BBs.
So assuming 30% folds, your equity is still -12 BBs or so
Here's how I make my decision in the "heat of the moment"
1. What's my odds to win by showdown? About one third (8x4 = 32%). What's my odds to hit on the turn? About one sixth (8x2 = 16%) Do I have odds to call pot size (get 2:1 odds). No. I need 6:1 odds.
2. Is my draw to the nuts? If it is, can I get implied odds? How much implied odds to I need to call? I'd have to expect to win 54BBs by calling. So I'd have to swell the pot to about 110BBs. By then, villain would be pot committed. So, what must be the likelihood of him going all in when I hit my turn straight to make it profitable to call? If he goes all in against my straight and my straight holds I gain 89BBs. So, 54/89 = about 0.6
3. So can I call on implied odds? Only if I think he's at least 50-50 likely to get stacked if I call and hit my straight (I say 50-50 because you might win something the times he doesn't stack and you might be able to take the pot away from him)
3a. I can't really do 2 and 3 when playing. So I think, "how far away am I from getting direct odds (part 1) to call?" If I'm close (say I'm getting 3:1 for a half pot bet) then the implied odds are probably there. I also look at the size of the stacks in relation to the size of the bet and just give it my best judgment. As a rule, if the relevant stack size * likelihood of draw hitting is double the amount needed to call, then I can call.
4. Do I have odds to push, based on fold equity? No, been through that. If you don't have odds to call on implied odds, you usually don't have odds to push.
So, having gone through 1, 3a and 4 - which is possible because pot odds should be automatic to you and 3a and 4 is just "am I close to being offered the right direct odds" that's all the math done. The math indicates I should not call or go all in. Should I make a smaller raise? Well, to "math" that out is very difficult and you have to make lots of assumptions, so here you really have to use your gut. Math won't really help you there.
As for relevance... if you can't figure out your odds fast, look at the relevant stack sizes and evaluate what your implied odds if calling or pot equity if raising all in... (at least at a ball-park level), you really are in big trouble. The two most important sources of odds are flop odds if drawing one and two cards, and pre-flop all-in equity for your hand against common ranges (say TT+, AQ+ and 77+, AJ+ KQ+). That's all the essential math.
In the end, everything needs to be justified by math because the objective of poker is to make decision that maximize your expected utility based on a probability tree. But there are enough common generalized situations that you can rely on other people doing the math for you and you just remember it and apply it to those situations, that being a math retard is not fatal to your poker career