Pot equity is the amount of the pot you will win in the longrun. If there is a $100 in the pot and you have a 30% chance of winning then you have an equity of $30.

It is basically pot odds +1.

Originally Posted by Steve-O

Pot equity is the amount of the pot you will win in the longrun. If there is a $100 in the pot and you have a 30% chance of winning then you have an equity of $30.

It is basically pot odds +1.

errr what? Whats the +1 mean?

its pot odds, only with 1 further (unneccassary) calculation

Not really, Pot odds are the bet vs pot. Equity is your actual share of the pot vs your equal share. Its a way to calculate EV for a hand too.

Ex. You are the hand with 3 others, your equal share of the pot is 25%, but if your hand dictates you have a 30% chance of winning, then you have 30% pot equity, or 5% EV equity. You can then multiply the pot the 5% to figure out how much you stand to make on each hand.

pot odds are very useful during play, but equity is most useful in post mortems.....

it is just showing "how" profitable the call is. youif you have the pot odds than you should call anyway whether you have 15% equity or 5% equity. thats all I'm saying. It is unneccassary if you are always making the right pot odds decision

Look,

My gripe with EV, equity, blah blah blah is, they are making simple poker decisions complicated.

All you need to know is pot odds. If you have 9 outs on the turn you need 5 to 1 to see a profit. If you have 15 outs on the flop and more than 1 opponent you should realize to raise, you shouldn't need to do equity calculations to figure this out a little common sense works.

I have NEVER calculated equity during a hand. Afterwards yeah, I'll fool around with it. I calculate my pot odds (I actually hardly ever do this anymore because I have played so much I can tell if my odds are right without counting) and make my decision.

I just feel these "new" poker concepts are making the simple more difficult, something Sklansky excels at.

Equity is best applied in multiway pots that are going to grow pretty big, Ie SSH pots. That whole book is based on pot equity, meaning your hand is going to be, on average better than the rest. Its usually most useful when you realize that you have a marginal hand that stands to be a huge plurality/majority favorite.... there was a recent thread on that...

And I'm not disagree with you at all steve... so quit typing... I just feel you are disregarding it a little prematurely....

but it comes down to a matter of pot odds. am I getting the right pot odds to call? am i getting the right odds to raise?

Equity can be useful before or afterwards when dealing with risk to reward

Originally Posted by Steve-O

Pot equity is the amount of the pot you will win in the longrun.ASSUMING THE HAND IS PLAYED OUT HOT AND COLD If there is a $100 in the pot and you have a 30% chance of winning then you have an equity of $30.

It is basically pot odds +1.

^^