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Say we have a $1 million raffle that has only two tickets: a winner and a loser. I give you a random ticket and tell you that you MUST sell it. How much money should you sell it for? (I.e. how much is it worth?) A. $1 million? No, because it could just as easily be worth $0. B. $0? No, because it could just as easily be worth $1 million. C. $0.5 million? ...


this page does a very good job of explaining variance and expected value http://www.thepokerbank.com/strategy/other/variance/


KQ offsuit apparently has about 48 - 50 % equity against that range (I calculated this using an equity calculator). So, given that the all-in was preflop, you essentially have a coin-flip. So it's very hard to determine if a call here would be +EV or -EV, especially because figuring out that range is always very hard. So the calculation of equity can (and ...


First of all it's important to explain that EV is a concept rooted in the law of large numbers, and which poker players use to calculate risk and reward. I'll get back to this concept. When calculating EV a poker player takes a few things into consideration: 1) The size of the pot 2) The probability of winning that pot 2) The size of the bet they're faced ...

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