[7stud]

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...+EV is the expected value of making this about of bets if playing the hand over and over, so a +.38 would be +.38 times 1 or 2 in a 1/2 7card stud game?

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Neither. The twodimes result is the probability of winning the hand if you stay until the last card. If you want to know the expected value of a hand, you have to multiply the probabilities of the various outcomes by the gain or loss for each of the outcomes. So, if you are playing a $15-$30 game, you have to add up all the bets currently in the pot plus how many bets your opponents will put in the pot versus how much you will have to put in the pot now and in the future, and then compare that to the odds your hand will win.

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If my statement is correct please continue.

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How can a question be correct or not?

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BUT one 8 is dead (2 really but you can't see one)

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The probabilities given by twodimes assume you are playing the hand face up. If one of the eights is hidden in another players hand, from your point of view that's still a live card and it would positively effect your calculation of the odds of winning the hand as you sat at the table debating what to do.

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Would you play this hand against a full bet from the Jacks.

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As long as the real pot odds(current pot plus future bets by my opponents) are giving me the proper odds to play, I would certainly play the hand.

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Ok now hand 3 you have a rainbow with a King dead, this is reported as a positive .179? How can you justify playing this hand against a full bet from the Jack?

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Real pot odds.