What Is Fold Equity In Poker?
The benefits of fold equity. – Fold equity is the reason why semi-bluffs can be profitable. Fold equity is the driving force behind semi-bluffs, The vast majority of the time you will be using fold equity to your advantage when betting or raising with a flush or a straight draw.
- On their own, these draws will generally not have enough equity to make it worth calling bets and raises.
- However, if you are the one betting and raising, the addition of fold equity can turn the overall equity in your favour,
- So over the long run, well-played semi-bluffs with drawing hands will be profitable.
Read the article on playing drawing hands aggressively for further discussion on this topic.
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Contents
How is fold equity calculated?
Fold equity example. – Let’s say we are on the flop and we know that our opponent is holding K J on the following flop: Flop: Q K 2 Our hand: 9 T – 42.4% equity. Opponent’s hand: K J – 57.6% equity. I worked out the equity of each of these hands using PokerStove, Get it already. Our opponent is first to act and bets in to us. However, we are a little short stacked and believe that if we push all-in there is a 50% chance that our opponent will fold,
Fold equity = (chance our opponent will fold) * (opponent’s equity in the hand). Fold equity = (0.5) * (57.4). Fold equity = 28.8%.
Now let’s find our total equity in the hand.
Total equity = our current equity + fold equity. Total equity = 42.4% + 28.8%. Total equity = 71.2%.
So every time we shove all-in with our drawing hand we will have 71.2% equity in the hand on average. Therefore, whereas calling to complete our draw would be unprofitable with our 42.4% equity, the addition of fold equity in the hand makes our shove a profitable play over the long run.
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What is equity in poker terms?
In poker, equity refers to the portion of the pot that is yours based on the likelihood (percentage) that you’ll win the hand at a certain point in time. (To put it another way, equity is the percentage of the time you should win a poker hand.)
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Should you ever fold in poker?
The Right Way to Fold – Knowing the right time and the right way to fold are essential when learning how to play Texas Hold ’em, It is best to wait until your turn arrives before folding at a poker table. Even if you’ve been dealt bad cards and you’d like to throw them in right away, you need to be patient and wait for the players ahead of you to fold, call, or raise before you can do so yourself.
- It’s poor poker etiquette to fold out of turn.
- You will earn the ire of your opponents, as your actions could reveal to those still playing what the odds of winning may be.
- Folding early also means those still playing will have one less person to call and potentially raise the pot.
- Your actions can impact their decision to call, raise the stakes, or fold.
If you’re playing online poker, you can program your retirement as soon as you see your cards, but at a live table, you have to wait until it’s your turn. Be courteous to the dealer by placing your cards face down and sliding them forward enough to allow him to pick them up with ease.
- Before you discard your cards face down, you should say “fold” or “I fold” to indicate your intentions.
- There is no way to change your mind and re-enter the hand once you have said you will fold.
- The other players should not see your cards when you fold.
- Be careful when tossing, and don’t expose yourself by getting too fancy with your toss – you are likely to receive a second warning from the dealer if you aren’t careful.
If you have the option to check, such as after the flop, turn, or river, it is also uncommon to fold rather than check. On most occasions, if there is a raise, you would check, then fold.
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What are the rules of folding poker?
Fold – To fold is to discard one’s hand and forfeit interest in the current pot. No further bets are required by the folding player, but the player cannot win. Folding may be indicated verbally or by discarding one’s hand face down into the pile of other discards called the muck, or into the pot (uncommon).
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What is a donk bet in poker?
Home How to Play Poker Terms Donk Bet A leading bet made postflop and from out of position, usually small, that usually comes from the non-aggressor in the hand.E.g., in no-limit hold’em a player on the button raises and the big blind calls to create a pot of 1,500, then after the flop the big blind leads for 300.
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How does a fold bet work?
A fold bet is one single bet placed on the number of selections you choose by a player. For the bet to be successful, every one of the selections must win. It is the case even with the biggest bets. For instance, if you have a nine-fold, all nine of these selections must win.
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Is equity as good as cash?
Cash vs. Equity — The Holloway Guide to Technical Recruiting and Hiring You’re reading an excerpt of The Holloway Guide to Technical Recruiting and Hiring, a book by Osman (Ozzie) Osman and over 45 other contributors. It is the most authoritative resource on growing software engineering teams effectively, written by and for hiring managers, recruiters, interviewers, and candidates.
to support the author and the ad-free Holloway reading experience. You get instant digital access, over 800 links and references, commentary and future updates, and a high-quality PDF download. It has become common practice in the tech industry, both at startups and large companies, to grant some form of equity to employees.
And compared to cash, equity may much better align the interests of employees with the long-term interests of the company—or at least that is its intention. For earlier-stage employees, equity is a much riskier form of compensation because of the wide variance in eventual value—an employee’s shares in the company (not to mention those of the founders and investors) could end up being worth nothing, or hundreds of millions of dollars or more.
- Equity compensation is a notoriously complex subject.
- For a deep, practical dive into the complexities of equity compensation, see,) Candidates can have very different needs and preferences when it comes to cash and,
- Cash has a guaranteed value (setting aside changes like inflation), while equity can end up being worth a lot more or less than anyone’s best guess.
Cash is a commodity; equity in a company is not. A candidate’s response to vs. cash may stem from their risk preference. But often, it comes down to practical necessities. Founders may feel that a candidate unwilling to sacrifice cash for equity doesn’t believe in the company, when in fact, differing financial and familial situations may determine candidate response.
For example, a candidate who has a family to provide for, or obligations like student debt to repay or mortgages to maintain, may be unable to sacrifice a guaranteed salary, even if they are passionate about your company’s mission. Companies do well to foster sensitivity to this reality in their candidate pool.
Ideally, the candidate’s position on cash vs. will align with what your company can offer. A candidate that really needs more take-home pay might not be a good fit for an early-stage startup that can only afford to offer—or prefers to offer—partial ownership in the company instead.
If you have flexibility, one technique you can use is to offer candidates the ability to “trade cash and equity” by letting them choose between a low equity/high cash or high equity/low cash offer, depending on their cash needs and risk appetite. Matt Mochary’s book,, recommends offering the amount of cash a candidate would need to live comfortably, finding what an all-cash offer might look like at a large company, and then bridging the difference in equity.
Where I have seen most companies get this wrong is that they do not extend their leveling system into the hiring process, or they do not have compensation tied directly to leveling. Missing either of these leaves huge loopholes in any system. Marco Rogers, veteran engineering manager Compensation is a complex subject rife with potential pitfalls.
- It’s important to develop a compensation philosophy and explore various strategies when building a compensation plan for new hires.
- Even if you work for a large company with an established compensation plan, you still may gain from reading through these strategies for mapping levels to compensation, as it will help you better understand your company’s and candidates’ perspectives, and will better prepare you to,
The best use of money as a motivator is to pay people enough to take the issue of money off the table. Daniel Pink, bestselling author You’re reading a preview of an online book. Buy it now for lifetime access to expert knowledge, including future updates. Legal : Cash vs. Equity — The Holloway Guide to Technical Recruiting and Hiring
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