Hand History Exampleįormatted by : Poker HUD for Mac and Windows This is a perfect example of imperfect information playing in our favour due to position. By just calling his bluffs, I allowed him to barrel into the pot where I held the equity. In the below hand played, the user just to our right when I was on the button, bluffed on 9, which I happened to have.
AFAIK, it’s more important than the hands held by the player. Given the need to compute somewhat accurate guesses of our equity before every decision, the position becomes one of the most important aspects of the games. Here, equity is as our winning probability into the pot size and in percentage terms is the same as winning probability. Let’s look at a couple of resources for poker analytics to get started on this topic, an article and a more detailed deep-dived course for the same.Īnother term used in conjunction with expected value is equity. If the money/chips we put into the pot at that point of time, less than the expected value of winning money or chips, we are making the right bet and it’s not if it’s negative and it’s a losing decision. EV is the probability of winning the hand multiplied by the size of the pot. Book A SlotĪll decision making is based on the expected value of the decision. This makes the game, worth playing and is what makes it a profitable game. The winners take all add the variance aspect to the game.Įven the best winning hand with a probability of 60% winning will take all prize money. Being a winners take all game, our decision making in terms of betting needs to reflect this. Here, we can only estimate our opponent’s hands. Now what makes this decision theory problem statement: complicated is the fact that this is an imperfect information game, unlike Chess where we see the entire board.