Re: The Semantics of Expectation
Because expectation is what you win or lose beyond your betting stake.
A fold is betting $0 to win/lose exactly $0. Always.
You don't need to do a calculation for the EV of a fold; folding always has EV of $0.
Your calculation is simply the inverse of the true calculation for the EV of calling. You're thinking the same way as Rick and it makes my head hurt trying to avoid the confusion... [img]/forums/images/icons/crazy.gif[/img]
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