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  Poker - Expected Value of Poker Hands [EV]
 
  #1  
03-03-2008, 4:38 AM
Ark Traveler
Amateur Member
 
Location: Western Arkansas
Plays at: Ultimate Bet
Likes: holdem
Posts: 51
Expected Value of Poker Hands [EV]

I have been looking for someone or persons who understands this concept..
and can explain thoroughly - how it works and how to apply it??

I know it is from a mathmatical calculation and I realize it's application in my game can make my profit margin better .. but???

So let's hear from those who undersand this concept..
 

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  #2  
03-03-2008, 6:25 AM
ChuckTs
stay hungry
 
Location: 50/50 between the pooper and my desk
Posts: 11,775
Expected Value (EV) Explained, Poker Probabilities.

...
  #3  
03-03-2008, 9:04 AM
Munchrs
CardsChat Elite
 
Plays at: Pokerstars
Likes: Holdem/PLO
Posts: 1,539
BAM! the link is already here.
  #4  
03-03-2008, 10:26 AM
Ark Traveler
Amateur Member
 
Location: Western Arkansas
Plays at: Ultimate Bet
Likes: holdem
Posts: 51
Probability, Combinations and computations

I very well understand Probability.. as well as combinations.. this is very basic statistics.. which being an engineering person, have had many dicussions about this topic.... but even with abbreviated explanation, it does not go into specifics of how it can be applied to poker in the sense of the numerical numbers..
  #5  
03-03-2008, 10:33 AM
NoWuckingFurries
CardsChat Elite
 
Location: England
Posts: 1,915
Quote:
Originally Posted by Ark Traveler
but even with abbreviated explanation, it does not go into specifics of how it can be applied to poker in the sense of the numerical numbers..
Yes it does, you calculate the number of outs that you have, and the number of cards left. What exactly are you looking for, a table of outs as percentages, perhaps or what your chances are of winning with certain starting hands
  #6  
03-03-2008, 12:23 PM
F Paulsson
Monsieur Chateaux
 
Location: Linköping, Sweden
Posts: 3,340
re: Expected Value of Poker Hands [EV]

Quote:
Originally Posted by Ark Traveler
I very well understand Probability.. as well as combinations.. this is very basic statistics.. which being an engineering person, have had many dicussions about this topic.... but even with abbreviated explanation, it does not go into specifics of how it can be applied to poker in the sense of the numerical numbers..
Did you read the article? What is it you're looking for that isn't in there, in that case? Perhaps I could write a complementary article if you need one.
  #7  
03-03-2008, 1:58 PM
Jack Daniels
Gizmo (L) & Jack (R)
 
Location: Soldier Field
Plays at: home.
Likes: Da Bears
Posts: 11,173
Quote:
Originally Posted by Ark Traveler
numerical numbers..
This would be opposed to non-numerical numbers?
  #8  
03-03-2008, 2:24 PM
NoWuckingFurries
CardsChat Elite
 
Location: England
Posts: 1,915
Quote:
Originally Posted by F Paulsson
Did you read the article? What is it you're looking for that isn't in there, in that case? Perhaps I could write a complementary article if you need one.
Hey you already wrote two, and they're both superb, so if they can't understand it after that then let me assure you that it isn't because of any lacking on the part of your articles!
  #9  
03-03-2008, 4:06 PM
Jagsti
Champagne Supernova
 
Location: Liverpool, UK
Plays at: Stars
Likes: NL Holdem
Posts: 2,147
To expand ourselves as poker players sometimes we need to talk/discuss theories through to be able to absorb them better, or even question them. This is what makes us better players. The CC articles are a great tool and I applaud the authors for their time and effort. But there is no harm in discussing some of them here and actively questioning our understanding of them.
  #10  
03-03-2008, 4:12 PM
zachvac
Tenbob Curse Victim
 
Location: Cleveland, OH
Plays at: Pokerstars
Likes: NL Hold 'em
Posts: 5,761
Quote:
Originally Posted by Jagsti
To expand ourselves as poker players sometimes we need to talk/discuss theories through to be able to absorb them better, or even question them. This is what makes us better players. The CC articles are a great tool and I applaud the authors for their time and effort. But there is no harm in discussing some of them here and actively questioning our understanding of them.
Right, but we need more to work with then "it does not go into specifics of how it can be applied to poker in the sense of the numerical numbers.. ".

@ OP: What don't you understand about the article or what does the article fail to address that you would like to understand?
  #11  
03-03-2008, 6:07 PM
Four Dogs
deadinaditch
 
Posts: 2,883
I think we gotta give a bit of a break to new members who ask old. Unless we want cardschat to be more than an archive of previously published articles we have to allow new members to ask whatever they want. And lets not forget that by asking old questions, were also giving new members a chance to reply. Both the asking and the responding are important parts of the learning process. It's all to easy to point to an old article and say, READ THIS , and indeed, when something has been well put in the past, that should always be part of the reply. But we must be careful not to deny newer members the chance to flesh it out for themselves. There's nothing wrong with a fresh perspective.
  #12  
03-03-2008, 11:30 PM
NoWuckingFurries
CardsChat Elite
 
Location: England
Posts: 1,915
re: Expected Value of Poker Hands [EV]

Fair comment, Four Dogs. Perhaps you can start us off by giving us some specifics of how it can be applied to poker in the sense of the numerical numbers..
  #13  
03-03-2008, 11:48 PM
Egon Towst
"The TowstMaster"
 
Location: U.K.
Plays at: Ipoker Netwk
Likes: NLHE, PLO
Posts: 4,509
Quote:
Originally Posted by NoWuckingFurries
start us off by giving us some specifics
Surely that is obvious.

The key to it is in understanding the nuances of normally ennumerating numerous numerical numbers.

Or am I a numbskull ?

  #14  
04-03-2008, 1:20 AM
Four Dogs
deadinaditch
 
Posts: 2,883
Quote:
Originally Posted by Egon Towst
Surely that is obvious.

The key to it is in understanding the nuances of normally ennumerating numerous numerical numbers.

Or am I a numbskull ?

lol. I'm going to spend this weekend reading all of ET's posts. Who needs Douglas Adams.
  #15  
05-03-2008, 11:39 PM
Ark Traveler
Amateur Member
 
Location: Western Arkansas
Plays at: Ultimate Bet
Likes: holdem
Posts: 51
To answer all..

It is obvious that a negative EV will return less value than one with positive EV..

it comes down to the application in a poker hand situation... anyone who has progressed to this point obviously SHOULD know the best starting hands.. and SHOULD by now have a solid basic understanding of position.. so how can bringing in an understanding of EV ramp up your game pertaining to the profit level... how can it play a part in your decision making of how to play a hand??

does this better define my quandry??
  #16  
06-03-2008, 12:20 AM
Steveg1976
mmmm, stacks
 
Plays at: PokerStars
Posts: 1,948
Quote:
Originally Posted by Ark Traveler
To answer all..

It is obvious that a negative EV will return less value than one with positive EV..

it comes down to the application in a poker hand situation... anyone who has progressed to this point obviously SHOULD know the best starting hands.. and SHOULD by now have a solid basic understanding of position.. so how can bringing in an understanding of EV ramp up your game pertaining to the profit level... how can it play a part in your decision making of how to play a hand??

does this better define my quandry??
If I am understanding your question correctly, it is applicable first when you know what EV is positive and negative. Then the next step to applying is to understand and know what are +EV situations and what are -EV situations. Which takes a long time to learn. It is easy to say to that AA are positive EV but what about QQ on a K 10 9 painted board. And the Idea of EV can be taken even farther into situation specific areas, like raising v. check raising. I am by no means an expert in this I have barely scratched the surface but there is ton to learn about EV more than just starting hands. Just my thoughts FWIW


And What Chuck Says VVV

Last edited by Steveg1976 : 06-03-2008 at 12:25 AM.
  #17  
06-03-2008, 12:22 AM
ChuckTs
stay hungry
 
Location: 50/50 between the pooper and my desk
Posts: 11,775
Quote:
Originally Posted by Ark Traveler
To answer all..

It is obvious that a negative EV will return less value than one with positive EV..

it comes down to the application in a poker hand situation... anyone who has progressed to this point obviously SHOULD know the best starting hands.. and SHOULD by now have a solid basic understanding of position.. so how can bringing in an understanding of EV ramp up your game pertaining to the profit level... how can it play a part in your decision making of how to play a hand??

does this better define my quandry??
Did you read the article I posted? It explains it perfectly.

We're doing work to help you understand something better - we expect you to do your part as well and actually read the links and articles...
 

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