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April 11th, 2011 #1Private
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can someone please explain EV to me
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April 12th, 2011 #2Command Sergeant Major
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YouTube - What is expected value in poker?
most basic vidPoker: Am I still gambling if I have the nuts?
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April 12th, 2011 #3Private First Class
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Basically, you collect +EV when you make correct decisions and -EV when you make incorrect decisions regardless of the results. In other words AA vs 55 is 80% in favor of the aces which means in a $100 pot your EV is $30 assuming you both contributed $50 to the pot. The 5s are -30 EV and not -50 EV since they still have a 20% chance to win.
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April 12th, 2011 #4
Lets rephrase the above example a bit.
-You go allin preflop for $50, opponent calls $50. You have AA with an 80% chance to win, against his 55 with a 20% chance to win.
-The difference of 80%-20% is 60%, this is known as your equity edge.
-So you take 60% of $50...BAM, +EV by $30.
You can do longhand too...
20% of the time you lose $50 = -$10
80% of the time you win $50 = +$40
Total of +$30Last edited by KnightofNarg; April 12th, 2011 at 04:00 PM.
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