Someone explain fold and pot equity to me.

[AncientPC]

Yes, I have a gazillion posts and still don't know what those terms mean exactly. Preferably an explaination in regards to NL.

I r stoopid.

[jojobinks]

[ QUOTE ]
Yes, I have a gazillion posts and still don't know what those terms mean exactly. Preferably an explaination in regards to NL.

I r stoopid.

[/ QUOTE ]

fold equity: the value to you, to be factored into your ev (in a rough way), of the possibility that your opponent will fold. if the stacks are deep at the blinds are small, for instance, a miniraise preflop has very small equity. on the other hand, a raise of 50XBB is unwise b/c a raise of 3-5xbb will probably have the same fold equity.

does that make sense?

pot equity: if i have AA, and you have KK, my understanding is that i have 82% pot equity. in other words, at that moment, 82% of that pot is rightfully mine. in a multiway pot, it works the same way. exactly how PE comes into play, i'm not as clear about.

anyone?

[Shilly]

A good example of pot equity is this:

You're in the BB with A[img]/images/graemlins/club.gif[/img]3 [img]/images/graemlins/club.gif[/img], five limpers, you check.

Flop: K [img]/images/graemlins/club.gif[/img] T [img]/images/graemlins/club.gif[/img] 4 [img]/images/graemlins/heart.gif[/img]

You check, the first limper bets, the other four call. It's back to you. You should make your nut flush about 35% of the time (assume this will be the best hand). You have 35% pot equity. Therefore, you should raise, assuming that you "deserve" 35% of each bet that is put in the pot. With five extra bets, you gain a "pot equity edge."

[AncientPC]

Thanks, yeah I understand pot equity now. Fold equity is still a bit hazy for me though. [img]/images/graemlins/frown.gif[/img]

[Shilly]

Alright, I'll try fold equity, too:

You have T10k in the small blind, with the blinds at 300/600 in the late stages of a tournament (already in the money). After posting, the big blind has T400 left. It's folded around to you. If you push, you don't have much fold equity--it's unlikely that he would fold for his last 400 with 1600 in the pot (4:1 pot odds). Since it's very unlikely that he will fold, you have no fold equity.

[AncientPC]

So having little to no fold equity is basically another waying of saying they're pot committed?

[Shilly]

Pretty much.

[AncientPC]

I can't believe how simple the explanation for fold equity was. I wanna delete this thread. [img]/images/graemlins/blush.gif[/img]

[Shilly]

Don't worry, it's late at night and nobody will ever know...

I can keep a secret [img]/images/graemlins/wink.gif[/img]

[AncientPC]

LOL, the beginners' forum doesn't move fast enough to push this thread down the page. [img]/images/graemlins/tongue.gif[/img]