[gergery]

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Buzz,

I believe the correct way to use the equity calculators is as follows: let's say you have 25% equity in a pot. Your opponent bets $25 into a $50 pot. So after this betting round the pot will be $100, and your equity is 25% of that, or $25. Thus, the play is EV neutral.

What you are saying about two half-pot wins not being as good as one scoop is true due to losing half of current and future bets, but is irrelevant in pot equity calculations because you count the sum total of all bets, including your own, and then compare it to your equity to figure out if you are in a +EV situation.


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All that is true, and well and good, as long as you recognize the limitations of twodimes-style equity calculations.

Specifically, they assume the hand is "frozen" and no more bets are going in. Another way to think about it I suppose is that the equity calcs give you tell you how much value your hand has, but don't tell you how much you are going to have to pay (in future bets) for that value.

The further you are from showdown, the less helpful EV calcs are because the inherent assumptions aren't real.

-g