Poker Strategy: Fundamental Mathematics You Need To Know To Win Any Game Of Poker by Ryan Harrington

Author:Ryan Harrington [Harrington, Ryan]
Language: eng
Format: mobi
Published: 2017-06-21T16:00:00+00:00

Type of betting: No limit games naturally have a higher degree of variance than limit games as the amount that players can add to the pot is naturally going to be lower in limited scenarios. The more money that is flowing on the table, the greater the overall degree of variance.

Type of game: If you are playing in MTTs then you will find that the overall amount of variance is going to be higher than SNGs as the odds you are going to win are much smaller overall. This is then balanced out by the fact that when you win an MTT, the payout is going much larger than with an SNG.

Ways variance affects the game: It is important to be aware of how much variance you are personally dealing with on a regular basis because not being aware of it can make it difficult to determine how well you are actually playing at any given time. Variance can be mentally draining to even the best players which is why it is so important to know how much to expect. It is also the reason bad players keep playing, however, so it is not without merit.

In general, it is important to keep track of your expected value and hand equity as well as analyzing your overall results as variance can make it difficult to determine your strengths and weaknesses based on results in the short term alone. You may be playing the best you ever have in the long-term, but at the moment, you might not be able to hit a successful hand to save your life. Confidence is extremely important when it comes to making it through a period of bad luck, the only way to get through it is to keep playing. Overall, you need to learn to trust yourself and the choices you make at the moment and let the results take care of themselves .

Equity versus expected value

When you first get started exploring the math behind successful Texas Hold’em play, it can be easy to get expected value and equity confused as they both deal with the odds that a given move is the correct one based on the potential for profit. While they are similar in some respects, and even often work together, they do have a few notable differences as well.

First and foremost, equity is a percentage that tells you how likely you are to win a specific hand while expected value tells you how much profit or loss you can expect from a specific action. Equity is the basic raw data that will help to point you in the right direction while expected value gives you specific numbers you can work with at the table. If you use equity to determine the money you can potentially win or lose from a certain hand you get expected value.

This is not to say that expected value and equity are directly proportional, however, as you do not need to have a lot of equity on hand in order to have a high expected value.

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