I found this article and I'm having an issue with one of the figures. Can someone tell me where it came from please.
This is the link to the article http://www.pocketfives.com/poker-art...part-2-2425822
And this is the number highlighted in red below.
Raising all-in means we win the pot 60% of the time which gives us 6,500 in chips for an equity of .3649. It also means that we lose the pot 40% of the time for an equity of .2 because we will have gone out in third place and in this case third place receives 20% of the prize pool. When we add up the equity for pushing all-in we get
(.3649 * .6) + (.2 * .4) = (.21894) + (.08
) = .29894