Re: \"Value Bet\"?
Here is the way i understand it using an example to explain:
Playing 5/10, at the river, the pot is $100 and you're heads up at the river.
Assume if you bet, you expect a call from your opponent. The pot is laying you 11-1 odds.
Next, assume that if this identical hand was played 11 times, you will have the best hand 1 time out of those 11. So,
The 10 times you lose the hand, it costs you $100.
The 1 time you win, you gain $110.
That give you a total EV of +$10.
Hence, a bet on the river in this situation is a "Value Bet"- a bet with
+EV if played an infinite # of times.
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