Math & odds
38 terms
EV
EV
EV Expected Value quantifies the average profit or loss of a decision over the long run, considering all possible outco…
What are Pot Odds?
Pot Odds
Pot odds are the price of a call versus the pot you can win. A half-pot bet needs about 25% equity, for example calling…
What is SPR in Poker?
SPR
SPR is the effective stack divided by the pot. After the flop, about 4 or less is low SPR; double-digit SPR is high and…
What is Equity in Poker?
Equity
Equity is your share of the pot based on current win probability. It is not the same as pot odds or expected value.
What are Reverse Implied Odds in Poker?
Reverse Implied Odds
Reverse implied odds are extra chips you expect to lose when you hit a second-best hand. You do not have them when you …
What is an Out in Poker?
Outs
An out is an unseen card that improves your hand to the likely winner. Counting outs is the first step to calculating p…
What is Fold Equity?
Fold Equity
Fold equity is the extra EV you get when a bet or raise makes opponents fold. A bluff with no folds is just a donation.
Variance
Variance
In practice, variance determines the range of profit or loss a player may experience in a specific period. Even if long…
Expected Value
Expected Value
It is calculated as the sum of the products of all possible outcomes' probabilities and their respective payoffs. In pr…
What is MDF in Poker?
MDF
MDF Minimum Defense Frequency is the minimum % of hands you must continue with to stop a bluff from profiting. It's not…
Chip EV
Chip EV
In tournaments, since chips do not directly equate to prize money, Chip EV helps players assess whether an action is be…
Sample Size
Sample Size
Its core significance is that the larger the hand sample, the higher the reliability and representativeness of the stat…
Spr-Based Sizing
Spr-Based Sizing
The core idea is to use the SPR value to assess hand risk: at low SPR e.g., 1-3, the pot is relatively large compared t…
What is Equity Realization in Poker?
Equity Realization
Equity realization EQR measures how much of your raw hand equity you can actually expect to win. A common mistake is tr…
What is Break-Even Equity?
Break-Even Equity
Break-even equity is the minimum win probability a call needs to be profitable, calculated as the call amount divided b…
Equity Distribution
Equity Distribution
Equity Distribution Equity Distribution refers to the distribution of a player's hand equity across the flop, turn, and…
Solver EV
Solver EV
Solver EV is the expected value of a specific action e.g., bet, call, fold as calculated by a game theory optimal solve…
What is the Rule of 4 and 2 in Poker?
Rule of 4 and 2
The rule of 4 and 2 estimates your chance of hitting a draw by the river: multiply outs by 4 on the flop and by 2 on th…
Equity Buckets
Equity Buckets
Equity buckets are categories of hands grouped by their equity against an opponent's range on a given board, used to si…
EV Chop
EV Chop
A deal in which players agree to split the remaining prize pool based on each player's expected value EV as calculated …
Implied Reverse
Implied Reverse
The potential future losses a player faces when drawing to a hand that, even if completed, may still be beaten by a str…
Bluff with Equity
Bluff with Equity
A bluff made with a hand that has a chance to improve to the best hand, combining fold equity with draw equity.
Pay Jump Equity
Pay Jump Equity
In practice, this concept helps players evaluate whether it is worth taking risks to advance or defend, because elimina…
What are Implied Odds in Poker?
Implied Odds
Implied odds are extra chips you expect to win on later streets if you hit, on top of the current pot odds. They go to …
Equity Denial
Equity Denial
In practice, this strategy is often used on the flop or turn when your hand is ahead but vulnerable to being outdrawn. …
Denying Equity
Denying Equity
A poker strategy where a player bets or raises to force opponents to fold, thereby preventing them from realizing their…
Reverse Implied Odds Call
Reverse Implied Odds Call
A reverse implied odds call is a call made when the potential for future losses due to being outdrawn or facing larger …
Sample Bias
Sample Bias
Sample bias in poker is the error in judgment that occurs when a player draws conclusions from a limited or unrepresent…
Realized Equity
Realized Equity
The actual expected share of the pot a hand will win given future actions betting, folding, etc., as opposed to raw equ…
Dollar EV
Dollar EV
In Texas Hold'em, it helps players evaluate the true value of actions such as betting, calling, or folding, thereby opt…
Chip EV Mode
Chip EV Mode
In practice, this mode is commonly used in cash games or during the late stages of tournaments when aggressive chip acc…
Chip EV Jam
Chip EV Jam
A Chip EV Jam is an all-in bet that is calculated to be profitable or neutral in terms of chip expected value chip EV, …
Freeroll Equity
Freeroll Equity
Term: Freeroll Equity Freeroll equity refers to the additional win-rate advantage in Texas Hold'em when two players hol…
Unrealized Equity
Unrealized Equity
Unrealized equity refers to the potential share of the pot a hand would win if it reached showdown, but which is forfei…
Pot Odds Call
Pot Odds Call
A call made when the ratio of the current pot size to the cost of the call is higher than the odds of completing a draw…
Realizing Equity
Realizing Equity
Realizing equity is the process by which a hand's mathematical pot equity is converted into actual profit or loss, cons…
Stat Sample
Stat Sample
A stat sample is a collection of hands or observations used to calculate a player's statistical tendencies in poker tra…
Equity Share
Equity Share
The portion of the total prize pool or pot that a player is entitled to based on their current equity, often calculated…