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Dissecting Poker
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Mathematics of NLHE Ep 4
Covered in this episode:
EV calculations
EV calculations
and more EV calculations
Expected Value (EV) is the long term expected outcome of a given hand or situation, either positive (+EV), negative (EV), or neutral (0EV).
EV Calculations 101
Basic EV calculations setup:
EV = [result of win] [result of loss]
To expand a bit:
EV = [Our Equity] * [what we win] [Villains Equity] * [what we lose]
Basic Example:
Were in the big blind withAsAc. The UTG player shoves with KhKd and folds to you. Its $900 to call to win
$1015 (stack + blinds) 5/10nl, $1000 stacks.
EV = (0.81 * 1015) (0.19 * 990)
EV = 822.15 188.1 = +$634.05
Alternative Method:
EV = [our equity] * [total pot] cost of our call
EV = (0.81 * 2005) 990 = +$634.05
Example 1 98o on 7T24 vs AA. We need to call 650 to win 700, what is our EV for calling?
EV = 0.18 * [650 + 700] 0.82 * 650
EV = 243 533 = -$290
Example 2 Villain opens from the CO to $35, we 3-bet him again OTB to $125, Villain thinks for about 2 second and
calls.
First lets put him on a range: Mostly pairs, AQ (he would 4-bet AK a lot), occasionally a SC or AXs type hands.
On the flop Kc9c8d, Vil checks, we bet $200 into $265, he check/raises all in for $875 meaning it costs us another
$675 to call. Do we call or fold?
Lets evaluate his range now that we have information: He always has 8 outs+ if drawing (OESD, FD or better), and
lets assume he 4-bets AK 100%, but he could call AA/KK planning to trap.
Based on our pre-flop and flop range, we now get a narrowed down range
of:KK+,99,88,AQcc,AJcc,ATcc,A8cc,QJcc,QTcc,JTcc,98s,87cc,JTs,67s. Against this range, how is our hand
doing?
Against the range above, our hand has about 35% equity.
EV(call) = 0.35 * (875 + 200 + 265) 0.65 * 675
EV(call) = 469 438.75 = +$30.25
Alternate Method
1. Tally up combinations
Crush us: 13 combos w/ about 13% equity
Flipping: 9 combos w/ about 50% equity
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our overall game and what we can do to improve it. A player who is active pre-flop will take a lot of uncontested pots
and thus, dont have to win those big cooler pots to have a winning session. Its amazing how Doyle was sooo ahead of
his time.
Next time when youre at the table, remember to think throughly about a situation before clicking a button. Dont be
lazy. Talk aloud. Practice. Perhaps youll realize that maybe, just maybe, you werent as solid as you assumed.
By Tri Slowhabit Nguyen
September 29, 2010
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5. Note your win rate when you are NOT slow playing AA or KK by filtering them outI call this my unsubsidized 3-bet
calling win rate:
This image has been resized. Click this bar to view the full image. The original image is
sized 1019112.
The standard for whether you are leaking playing back against 3-bets is NOT making a profit on the hand. If you fold,
you lose 3 or 3.5 bb. Therefore, any strategy which yields you less of a loss than folding is a +EV strategy.
In PT this is a loss rate of -1.5 to -1.75ptBB/hand; in HEM, it is a loss rate of -300 to -350 bb/100.
Take a look through your databases in this way, as most of the micro players I have been doing DB analyses for are
definitely leaking in one or more of these areas, as knn05 says is likely the case.
September 29, 2010
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Betting/Raising
There are three reasons to bet or raise:
For value
As a bluff
To pick up dead money against hands with non-trivial equity
Whenever we are debating the merits of a bet or raise, we must consider our opponents continuance range
relative to his entire range. We can often manipulate our opponents continuance range through bet sizing.
We want to use the information available to us at any given time to make the most profitable decision possible
not bet in order to obtain additional information.
Calling
There are four main reasons to call a bet:
Our hand is ahead of our opponents range. You could refer to this as a value call
Our hand has sufficient implied odds to extract enough value on later streets should we improve.
Our hand is behind our opponents range, but good enough of the time for a call to show a profit given the
pot odds we are being offered. Especially applicable on the river.
To float: calling a bet because we believe we will be able to bluff a later street profitably enough of the
time.
The expected value of our calls must always be weighed against that of us raising. Just because a call is
profitable does not mean a raise will not be more so, and vice versa.
If we are unable to call or raise profitably when facing a bet, that is what the fold button is for!
Checking
When we check and are not closing the action, it is because we are intending to:
Check/Raise for any of the reasons that raising is profitable.
Check/Call for any of the reasons that make calling profitable.
Check/Fold if we cannot do either of the above profitably, we should check/fold.
The expectations of check/raising and check/calling should be weighed against each other, and also
compared with that of betting. Fairly frequently all three will be profitable, but one will have a significantly
higher return.
When we are closing the action, the expectation of checking behind should be compared with that of
betting. Even if betting is profitable, checking behind may have a higher expectation in some situations.
Good Float
Our opponent, running 14/10 with a flop c-bet of 80% opens in MP1. We call from the CO with AhQs.
The flop comes 3h5hTs, and our opponent c-bets 2/3 pot.
Factors that make this a good spot to float:
Our opponents range has a reasonable amount of air and his c-bet stat suggests he frequently c-bets his
air.
Having the Ah acts as a blocker to our opponent having many combinations of flush draws which he is likely
to be continuing with on the turn should we float the flop, while also giving us additional equity.
Having two overcards, we will often have three to six outs should our opponent c/c our turn bet on a blank.
Bad Float
Our opponent, running a positionally aware 13/9 with a flop c-bet of 50% opens UTG. A weaker player calls from
middle position and we call from the BTN with 6d6s,
The flop comes JhTh8d, and our opponent c-bets 90% of the pot. The weaker player folds.
Factors that make this a bad spot to float:
Our opponent has a strong UTG range.
Based on his c-bet stat, it is unlikely our opponent will be betting his air multi-way on an extremely wet
board. His bet sizing supports this.
Our hand has very little chance to improve if we are checked to on the turn and our bluff is called.
My Thoughts:
Definitely a video I would re-watch as the information is presented in a very clear and precise manner. The first 15
minutes of the video touches on basic theories but the explanations are top notch. Beginning and intermediate players
could benefit from watching and re-watching that part to refresh their memory, especially when running or playing bad.
The rest of the video is made up of HH review, live play, and a quick HEM stats review.
I very much like RonFar3s style of play and wish to emulate it. He puts a lot of thought into his decisions and goes
through/compare all his options to choose the one that is MOST +EV. As a result, his style of play lends itself to more
checking and less c-betting compared to other winning players.
I feel that most people, myself included, overuse the c-bet as a standard strategy but fail to consider all their options. I
need to seriously take a serious look at my game and see if I can improve in that aspect.
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