In poker, ” equity ” is the percentage of the pot that you are entitled to win, based on the chance of winning with your hand.
For example, if you have a flush draw on the flop (meaning you have four cards of the same suit and need one more to make a flush), your equity is approximately 19% (if there are no other flush drAWS). This means that if the pot was $100, you would be entitled to win $19 on average.
Equity calculations can get very complicated, especially in situations with multiple players and drAWS. However, there are some simple shortcuts that can help you estimate your equity quickly and easily.
One shortcut is to use the “rule of 4 and 2.” This rule says that for any given draw, you can calculate your equity by multiplying your outs (the number of cards that will improve your hand) by 4, and then adding 2%.
For example, if you have an open-ended straight draw on the flop (meaning you need any card in sequence from either end to complete your hand), you have 8 outs. Using the rule of 4 and 2, we would multiply 8 by 4 to get 32%, and then add 2% to get 34%.
This shortcut is not perfect, but it’s a good way to estimate your equity in a hurry.
PRO TIP:To calculate the equity of a hand in poker, you need to compare it against the range of hands your opponent may have. Calculate the likelihood of your opponent having each hand in their range and the likelihood that you will win with your hand. Then multiply each outcome by its odds and add them up for a total equity score.
Another shortcut is to use a “pot odds calculator.” This tool allows you to input the number of outs you have, the size of the pot, and the bet you are facing.
It then tells you what percentage of the time you need to win the hand to break even. .
For example, let’s say we have an open-ended straight draw again on the flop. We know we have 8 outs.
The pot size is $10 and we are facing a $5 bet. Plugging these numbers into a pot odds calculator tells us that we need to win 29% of the time to break even.
This means that if we call the $5 bet, we will lose money in the long run if our equity is less than 29%. However, if our equity is 30% or higher, we will make money in the long run by calling.
Calculating poker equity can be complicated, but using shortcuts like the rule of 4 and 2 or a pot odds calculator can help simplify things. With a little practice, estimating your equity in any given situation will become second nature.
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