"Equity"

vanquish

vanquish

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I hear people throwing this word around a lot ("equity to call" stuff like that). Can someone explain what it means?
 
Munchrs

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Im not entirely sure but isnt fold equity 'the cahnce that he would fold if you bet'. So for examle youre playing a $1/$2 NLHE cash game, if you opening raise $50 you would have greater fold equity than if you bet $10 because theoretically youre opponent would need a better hand to call a $50 bet than $10 bet, thus giving you greaty fold equity.
 
roundcat

roundcat

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If the odds of hitting your winning hand are 3:1 and the pot is laying you 4:1 to call, that extra 5% is your equity. It's the mathematical edge you have, and your profit in the long run.

Hope I got that math right... I'm sure someone else can elaborate.
 
A

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Equity is also referred to when it comes to chipstacks. For example on a 0.50 / 1 table. The guy sitting with a $100 stack has more equity than a guy sitting with a $30 stack because by him having more chips it affects how others play against him. He is generally more able to push smaller stacks around and less likely to have people making plays against him for fear of getting called..


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Bombjack

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Basically equity is your expected winnings given your and you opponents' hands, if the hand is played to showdown. I.e. the chance of each outcome multiplied by the amount won in each case, added together. It's usually expressed as a % of the pot.

For example:

- If you have the winning hand on the river, you have 100% equity in the pot.

- If you're on the flop, and you have 5 outs to win the hand, you have about 20% equity, because you will hit one of your outs about 20% of the time if played to showdown.

It's not always equal to your chances of winning, since it's a bit more complicated to work out in hi-lo split games, and in other games when you stand a chance of splitting the pot, but it's still equal to the mathematical expectation of your winnings.

Fold equity (as opposed to "pot" equity) is just the part of your equity for the outcome where you bet and your opponent folds. I.e. the chance of them folding x the size of the pot.

E.g. You have a flush draw and shove the flop. You are behind but have 9 outs. So you have 35% equity, but you also get extra equity (expected winnings) because your oppontent folds and lets you take the pot some % of the time.

It's difficult to work out your exact fold equity (a definition is here) because you win less when your opponent folds than if they call and you win.
 
joosebuck

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flush draws have about 35% equity, so if 3 players are in the pot you want as much money as you can get since you have a slight edge (2% per player). it's how much of the pot you 'own'
 
skoldpadda

skoldpadda

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Also see "Sklansky bucks"
 
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