| Posted by: maybull at January 4, 2008, 12:56 am | | Topic: Value Expectation Forum: Card Chat |
Actually, my eyes are starting to uncross...it helps to relate it to odds which is something I am familiar with. Although I started getting confused again near the end when you refer to the odds chart.
Gonna have a shower and come back to it in a bit
Thanks!!
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| Posted by: Cheetah at January 3, 2008, 9:49 am | | Topic: Value Expectation Forum: Card Chat |
Quote: Originally Posted by juiceeQ
No problem. And I'll tell you a little secret...I get a little cross-eyed too...shhh! Best of luck to you, and I hope you're enjoying the site so far.
Quote: Originally Posted by maybull
hahaha...Thanks, I'll keep that one between u and me
Too late. I caught you!
Let me try to explain what it really is.
Expected Value is really a big name for "Average Value".
Say in a cash game you get involved in races where you have 50% chance to win $100 and 50% chance to lose $100. How much is your average win? Zero! The fancy name is that the Expected Value = 0.
Now let's say that in that game, everytime you race you have a bigger pocket pair than your opponent. That means that you will win 80% of the time and your opponent will win 20% of the time. Again, you are both all-in for $100 each.
In this case, we cannot take a simple average because we win 4 times as more of... | | Read Entire Entry |
| Posted by: juiceeQ at January 3, 2008, 5:59 am | | Topic: Value Expectation Forum: Card Chat |
No problem. And I'll tell you a little secret...I get a little cross-eyed too...shhh! Best of luck to you, and I hope you're enjoying the site so far.
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| Posted by: maybull at January 2, 2008, 1:20 am | | Topic: Value Expectation Forum: Card Chat |
Hey juiceeQ, thanks for replying to my post.
Okay, so it sounds like as long as I have somewhat of a grasp on these concepts I should be OK.
I understand and can calculate pot odds/implied odds, but for some reason when I read the article on the Expected Value I go cross eyed. I'll read and re read until it becomes more familiar.
Thanks again for taking the time to reply
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| Posted by: juiceeQ at January 1, 2008, 10:54 pm | | Topic: Value Expectation Forum: Card Chat |
I don't think the author was joking. Knowing expected alue (whether + or -), being able to quickly calculate pot odds/implied odds is ery important. I'm no mathmetician either, but having an elementary grasp on these concepts can really help you make the right decisions. Check out these articles if you haven't already:
Five Fundamentals of Poker - Poker Theory
Poker: Expected Value
Poker: Pot Odds & Implied Odds
Poker: Position
Poker: Pot Size
Poker: Equity
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| Posted by: maybull at January 1, 2008, 5:03 am | | Topic: Value Expectation Forum: Card Chat |
...or maybe a better question would be, how important is it to be able to calculate expected alue at any given time? Like, do I need to spend some serious time brushing up on my fraction conversions and multiplication so I can I can whip out a alue analysis on the fly at any time?
You may have guessed that I'm not really all that strong a arithmetician (think Ed Grimly). I absolutely will take the time to figure it out, study it and make it my friend if I need to. But, if I don't need to, then I'd rather spend time studying other "stuff".
Thoughts?
I've been playing online for a few months now - micro tables only. I do ok, but want to do much much better. I'll do whatever it takes to get better, but I just want to make sure I'm not waisting time. I feel like there is so much to learn.
When I read some of the articles under "Strategy Articles", I notice many of them warn readers to learn/understand alue expectation before moving onto pot odds etc. S... | | Read Entire Entry |
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