Originally Posted by ScottFinalTableHamilton
what does equity mean in the context of poker?


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PokerStove: Poker Software and Analysis
The values generated are allin equity values. This is not the chance that a hand will win the pot. Rather it is the fraction of the pot that a hand will win on average over many repeated trials, including split pots. The equity for a hand is calculated by dividing the number of "pots" that the hand won by the number outcomes considered. Because two players can split a pot, a player can win fractional pots. Thus, it is possible for a hand to have nonzero equity despite the fact that it cannot win.
equity (%) win (%) / tie (%) Hand 1: 50.3340 % [ 49.39 00.95 ] { 2s2h } Hand 2: 49.6660 % [ 48.72 00.95 ] { random }
In the above example the pair of twos has 50.334% equity. That equity is made up of 49.39% win equity, and .95% tie equity. The tie equity is not the percentage of time that a hand will tie, rather it is the equity attributed to ties. Tie equity is reported instead of % tie because the amount of equity that a tie generates depends on how many players shared the pot. If two players share a pot, half the equity for that pot will given to each player. If three players share a pot, one third of the equity for that pot will be allocated.