Fold Equity (LC)

[KKrAAAzy88s]

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so in addition to possibly winning the hand by hitting your draw, you increase your chances to win by the possibility of them folding as well?

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Exactly. It's the entire reason why the board advocates pushing strong draws hard, such as OESFD, Pair+draw, Gutshot+flush, etc....you can win 2 ways...not just one...although your chances of making a hand with all of the above are pretty good.

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So if you have one of these hands you probably have the pot equity advantage at the moment, correct? But what if your opponent pushes all in first, he now has the FE or no? Then with his all-in do you use pot/implied odds to make the decision on whether to call or not?

Is FE like what Harrington mentioned in HOH2, I think he called it "first in vigorish" or something like that? (I can't remember exactly).