Using pot equity to decide between raising or calling

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Alright well what I don't understand is how to use pot equity to determine whether to call/raise/fold. If you have an edge, you should be raising as much as possible (assuming your opponents will still call). If you don't have an edge, you should fold...unless you have good enough implied odds, in which case you can call?

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I think this is a good description although you don't neccessarily need implied odds as pot odds may dictate how you play as well.

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yeesh. Duh. Brain fart?