re: Poker & Re: FLHE semibluffs
FP, since you seem to have a grasp above and beyond most about fold equity, perhaps you could spend a few minutes to really make it simple.
I do not have even a minor grasp on the concept, and I will blame all the descriptions I have read about FE. They all are not telling me anything.
I have equity in my house, earlier in life I had equity in my career, then I had my career.
Balance the notion of equity with the adage that once you have put money into a pot, it is no longer yours, and mistaking that it is, is a mistake.
I am not as good on the uptake as I was years ago. It took me 2 years to begin to actually use pot odds
, implied odds, et al in my decision making. I believe it was because I finally found a description that made sense to me.
One of the great things about a forum, is that it acts like a seminar, and that is that it allows multiple views of the same subject. Someone will describe it just right for me, whilst that description will go right over someone else's head.
This is the definition from Wikipedia. It doesn't help much.
is a concept in poker
strategy that is especially important when a player becomes short-stacked (http://en.wikipedia.org/wiki/Short-stacked) in a no limit (or possibly pot limit) tournament. It is the equity (http://en.wikipedia.org/wiki/Poker_strategy#Equity) a player can consider him or herself likely to gain if he or she bets. It equates to:
(gain in equity if opponent(s) fold) X (likelihood that opponents fold)
The first half of the formula is known because it is whatever share of equity the folding opponent has. The second cannot be known but must be estimated based on reads or previous actions.
It becomes an important concept for short stacks for the following reason. Opponents can be considered likely to call all-ins with a certain range of hands. When they will have to use a large percentage of their stack to make the call, this range can be expected to be quite narrow (it will include all the hands the caller expects to win an all-in against the bettor). As the percentage of stack needed to call becomes lower, the range of cards the caller will need becomes wider, and he or she becomes less likely to fold. Consequently, fold equity diminishes. There will be a point at which a caller will need a sufficiently small percentage of their stack to call the all-in that they will do so with any two cards. At that point, the all-in bettor will have no fold equity.
Alice holds A6. She is heads up with Brian, who holds 22. The flop is 973 rainbow (no cards of the same suit). Alice has pot equity of 31.5%Brian has pot equity of 68.5% (In other words, if there was no further betting, and the players simply turned up their hands and were dealt the turn and river, Alice is 31.5% likely to win.) If Brian is 70% likely to fold, Alice's fold equity is 47.95% (68.5 x .7). Consequently, Alice can consider that her hand equity if she bets
will equal 31.5 + 47.95%, almost 80%.