Home / Community / Forum / Poker Education / Poker Education & Beginners Questions /

Hand equity vs fold equity

Old
Default
Hand equity vs fold equity - Fri Jun 01, 2012, 07:25 AM
(#1)
hbhuang341's Avatar
Since: Apr 2012
Posts: 79
Hi guys,

-I've watched the vid of REM,fold equity and ranging and i was wondering.Is hand equity that thing in % in that odds calculator and fold equity is more like ranging your opponent and put your hand and opponent range in pokerstove,am I correct?

-In Dave's vid,he said:If most of our equity come from hand equity,then we are value betting.I dont understand that point,does that mean that if our hand equity is bigger than fold equity,we have to raise ? Is it good to use that point in a mtt and sng? Then you have to use EV,but in tournament we dont have EV just a cEV i tought,because we will risk our tournament life.How do you guys use that equity thing with cEV and pot odds to make a correct call on a long run ?

-How do you make your value bet profitable in tournament?

Thanks for help !!

Last edited by hbhuang341; Fri Jun 01, 2012 at 07:29 AM..
 
Old
Default
Fri Jun 01, 2012, 10:11 AM
(#2)
TheLangolier's Avatar
Since: Jun 2010
Posts: 13,501
(Head Trainer)
Hi HB,

Quote:
Originally Posted by hbhuang341 View Post
Is hand equity that thing in % in that odds calculator
Yes. basically the intrinsic value of the hand if we were to take it to showdown vs. the villain's range.

Picture the pot as a pie... every hand that is actively contesting the pot has some equity (unless the chance for the hand to win at showdown is 0%, which is rare). That equity could be represented by a slice of the pie. The hand equity of all active hands add up to 100%, or the entire pie. The stronger your hand (the better your chance to win in a showdown) the bigger your slice of that pie is.

Quote:
and fold equity is more like ranging your opponent and put your hand and opponent range in pokerstove,am I correct?
No, fold equity is the value that you get when your opponent folds to a bet or raise, forfeiting their slice of the pie (however big or small that slice is). Most of the time there is some % chance an opponent will fold to a bet or raise. That chance adds value to any remaining hands contesting the pot, because the slice of the pie the folder gives up basically gets split amongst the other remaining hands, so the total hand still = 100% of the pie. In the case of a heads up pot, all of their hand equity goes to you (you get to take home the whole pie when they fold and give it to you).

Quote:
-In Dave's vid,he said:If most of our equity come from hand equity,then we are value betting.I dont understand that point,does that mean that if our hand equity is bigger than fold equity,we have to raise ?
No, not necessarily... it's just another way to look at value betting vs. bluffing. Put another way, if you have a very strong hand (high equity/a high win % vs. the opponent's range in a showdown) then your reason to bet or raise is for value (you believe you will be called by many worse hands). If you have a very weak hand (low hand equity/low chance to be the best hand in a showdown), then your reason to bet or raise is as a bluff (you believe better hands will fold). Those don't mean that betting or raising is the best way to extract value or play your hand necessarily though. For example, if you had a really strong hand against an opponent who was a hyper-aggressive bluffer, you might get the most value out of the situation by taking a more passive line at points in the hand to encourage them to make more of their favorite mistake and bluff off chips. Or if you have a very weak hand but are against an extreme calling station, you will certainly lose money trying to bluff this player type regardless of hand value dictating that you can only win via bluffing, so you shouldn't do it.

Quote:
Is it good to use that point in a mtt and sng? Then you have to use EV,but in tournament we dont have EV just a cEV i tought,because we will risk our tournament life.How do you guys use that equity thing with cEV and pot odds to make a correct call on a long run ?
Yes the concepts of value betting vs. bluffing/hand equity vs. fold equity applies to tournaments, sngs, and cash games.

Hope this helps,
Dave


Head Live Trainer
Check out my Videos

4 Time Bracelet Winner



 
Old
Default
Fri Jun 01, 2012, 12:21 PM
(#3)
ForrestFive's Avatar
Since: May 2011
Posts: 2,036
Great stuff Dave,

Quote:
Originally Posted by TheLangolier View Post
if you have a very strong hand (high equity/a high win % vs. the opponent's range in a showdown) then your reason to bet or raise is for value (you believe you will be called by many worse hands
vs

Quote:
Originally Posted by TheLangolier View Post
If you have a very weak hand (low hand equity/low chance to be the best hand in a showdown), then your reason to bet or raise is as a bluff (you believe better hands will fold).
This is the most important concept I'm trying to repeat and repeat until it sticks in my slow brain.

 

Getting PokerStars is easy: download and install the PokerStars game software, create your free player account, and validate your email address. Clicking on the download poker button will lead to the installation of compatible poker software on your PC of 51.7 MB, which will enable you to register and play poker on the PokerStars platform. To uninstall PokerStars use the Windows uninstaller: click Start > Control Panel and then select Add or Remove programs > Select PokerStars and click Uninstall or Remove.

Copyright (c) PokerSchoolOnline.com. All rights reserved, Rational Group, Douglas Bay Complex, King Edward Road, Onchan, Isle of Man, IM3 1DZ. You can email us on support@pokerschoolonline.com