New answers tagged poker-theory
I decided to have a go at answering this myself. The situation is you against one other player who has a made hand, and you have N outs. Before the turn, the 1-step EV (ignoring any bets on the river) is EV1 = N/47 * X + (47-N)/47 * (-10) The two-step EV, taking river bets into account, is EV2 = N/47 * X + (47-N)/47 * [ N/46 * (X + 20) + (46-N)/46 ...
Yes, you can and you should. The concept you're describing is called implied odds (the estimated profit you'll make if you make your hand). Notice is a much less concrete value as it is an estimation of whether your opponent will call when the draw comes and the amount he'll be willing to pay. There's also the concept of reverse implied odds which are the ...
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this page does a very good job of explaining variance and expected value http://www.thepokerbank.com/strategy/other/variance/
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