[Deamon2]

that's a definition of pot odds, not pot equity

pot equity concerns when you should raise for value. You get it by calculating how many players are in the pot, and then compare that to your chance of winning it. If you are putting in a more % of the money than your chance of winning it, and assuming you are getting the correct odds to chase, you call. If you are putting in less % of the money than you are likely to win the pot, you raise for value.

Example with a flush draw:

You are HU with a flush draw on the flop. We'll give you 9 outs to make it simple. You are putting in 50% of the money, and are a 30% favorite to win the hand. You call (unkess you decide to semi-bluff, but that's not for value).

Same flush draw. There are 5 people in the pot, and you are in last position. You are a 30% favorite to win the hand, but only putting in 20% of the money. After everyone calls, you raise for value.

a bet for value is one where you hope to get called