Re: Using pot equity to decide between raising or calling
I agree with James. Pot equity determines wether or not you raise for value and I think of it in percentages. If yor chance of winning is greater than if all of you had and equal chance then you riase...maybe
Example: You have a 33% chance of winning and there are 5 people in the hand. That means that if all things were equal you would win 20% of the time but your hand is giving you 33% chance of winning. You want to build this pot a much as possible and that can mean raisinig and reraising. Also like James said there are other things you need to think about. Will your raise make it heads up against someone that has better odds of winning than you? If so yuo need to be careful.
Another example:
5 people in the pot and you have 33% chance of hitting a draw. You have pot equity greater than your fair share of 20%. Someone bets and you are next to act. You think they have a made hand and are favored over you. You don't want to raise unless you can get at least one person to call other wise you don't want to put 2 bets in to get HU as an underdog. (simplified example)
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