If you still can’t answer the question What is EV Poker, then you cannot consider yourself a professional player.
In fact, many people are in a similar situation and have difficulty finding victories.
So, fill in this basic knowledge if you don’t want to fall into that trap.
What is Expected Value? What is EV Poker?
Expected value refers to the expected value of a person regarding a certain action.
This concept is widely used in statistics to help us consider whether to take a certain action and from the parameters to know whether we benefit from making that decision.
In online gambling games, experts also frequently use this term, especially in a game considered to be intellectual like Online Poker, where calculating the betting odds is necessary.
If the chances of winning for the betting options are the same, then the Expected value will represent the average value that a player can expect when winning if they continuously place bets.
It is a fact that Poker games are often where experts use the term “expected value” the most.
Many people often confuse it with how to calculate Equity in Poker, however, these two concepts are completely different.
How is EV Poker used?
Surely you are very curious about how this term is used in Poker, right?
First, we must clearly understand what EV Poker is.
In this intellectual card game, Expected value is still defined as the expected value of the options chosen, specifically the decision to bet.
A correct betting decision will be marked as EV +, conversely, a poor action will correspond to EV-.
Of course, when playing a game, everyone hopes to achieve victory, and to do this, we need to choose good actions more than making wrong betting decisions.
In fact, each betting decision on the Poker table, such as Bet, Raise, Check, Call, Fold, all carries a certain expected value.
These actions will be counted as EV +, while if ignored, it will be EV -.
How to calculate Expected Value Poker
Reading the concept of the term expected value or applying it when playing Poker for the first time, almost everyone will find it very vague.
However, this term is not abstract but is calculated specifically using the following formula:
EV = (%W X $W) – (%L X $L)
Specifically:
- EV: Expected value for a certain action in a Poker game.
- %W: Win rate (%)
- $W: Amount won when winning.
- %L: Loss rate (%)
- $L: Amount lost when losing.
To help you visualize more easily, here are the most specific examples.
If you have a hand and are waiting for a flush during the Flop stage, your hand is A ♠️, 2 ♠️ while the community cards are 10 ♠️, K ♥️, 4 ♠️, and 8 ♦️. The amount in the Pot is $10 and the opponent has gone all in for $2.
You decide to call in this situation, and if you win, you will have $12, and if you lose, you will lose the $2.
Players can also rely on probabilities in Poker to calculate the win-loss percentage in this situation, which is a 20% win and 80% loss.
Expected Value = (20% x $12) – (80% x $2) = 0.8
=> EV + = 0.8 means you should proceed in this case.
Guide to Quickly Calculate Expected Value in Poker
Expected Value in a Poker hand is one of the bases for players to decide on their bets.
However, if calculations take too long, opportunities may be missed, so we don’t always calculate the winning probability and apply the correct EV formula before deciding to play.
Before you can master and correctly apply the formula as above, bettors can use a great quick calculation method as follows:
- First, quickly find the Odds (the probability of getting the desired card to win) and Pot Odds (the amount to win and the investment needed to continue playing).
- Compare Odds and Pot Odds to determine whether the opportunity value is negative or positive:
=> If Odds Should proceed with the action.
=> If Odds > Pot Odds, then calling is a negative EV action => Should not proceed with the action.
Try applying the quick calculation method in the case I mentioned above, and we have:
- The Pot Odds ratio in the above case is 10:2 = 5:1.
- To get the desired card, you will have Odds of 4:1.
- Comparing Odds (4:1) Positive EV and we should call in this case.
With this quick Expected Value calculation method, you will have the opportunity to act faster in the betting round.
In the beginning, when you first apply it, it may feel difficult to make a quick bet, but after a while, betting will become much more accurate.
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Conclusion
In summary, for newcomers who want to become professional players, they should know What is EV Poker and the most basic quick calculation methods.
Only in this way will the super-intelligence card games no longer be too complicated because EV will greatly influence your actions and help you make more cautious and accurate betting decisions.
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