Yah.. we use Pokerstove for different applications (I use it for MTT play.. when reviewing hands... it gives me a better idea for future play... to where it generally becomes alot more intuitive).
ie.... a hand I watched today & had to LOL about it (going to post it in MTT strategy tomorrow.. with more details, player reads, etc.).
We can use Pokerstove to help us determine what equity our hand has vs. a range of hands we put our opponent on.
ie. HERO raises in EP... to 80.... villain 3bets to 400... HERO raises 2,260 (to 2,660) & is allin....
What does HERO need to call with here? (or.. after we've made a call (or fold) we can review if it was +EV or not to take this action... or how close we were). Of course there's other things to consider (ie. we don't always take every single +EV spot in a tourney... although generally we do... we may figure we have a big enough edge with deep enough stacks to pass up on marginal +EV spots... or if it's two deepstacks up against each other, etc. etc... diff. topic).
We plug into pokerstove.. Player1 and the range of hands we put them on here in this spot (early levels). Typically it'd be AA/KK/QQ/AKs,AKo (we might take out the AA.. because this might be played with a smaller 4bet instead of a shove.... but this example is just an example to show how I use Pokerstove for MTT play).
We're getting pot odds
of 1.212 to 1 .. so we'd need 45.2%eq for it to be +EV .
eg. if we had AQo here and were considering making this call.. we plug AQo into Player 2 & then press 'evaluate' (after we've plugged in Player1). With AQo we'd only have 24.4% eq... which is obviously a clear fold.
How bad of a hand would player1 need to be shoving with in order to make AQo a +EV call here? Well.. if we plug in 22+,AJo+ we can see that AQo is still -EV as we've still only got 44%eq with AQo in this case.
The numbers used here are a really poor example to use... BUT it'll give you an idea of how to use it when calculating calls to be +EV or not in MTT play. (the numbers used in his hand ex. are kind of an inside joke form a hand played out today, earlier in a tourney where the guy with AQo snapcalled the 4bet shove in early levels).
If you want, I could post some other better examples using Pokerstove to calculate equity.. & for whether or not making a call would be +EV for us (or.. if you want a walk thru on how to use Pokerstove, just pm me or respond here on this post & I'll either walk you through it or answer your questions). when I first checked it out, I found it all a bit confusing but really it's VERY easy to use.