Re: When does EV apply? When does it not?
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I should amend this to say... in general it is not wrong to take a +ev bet. But it might be *better* not to.
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+EV measures the most profit you can make given the current scenario. <u>THAT CAN BE NEGATIVE!!!</u>.
In certain situations the most profit you can make is still the least negative.
+EV and +profit are two different things.
Say you have XY soooted + one over card
Flop: 2 of your suit
$200 stacks, $10 pot.
Villain checks, you bet $7, villain makes it $23, you make it $70, villain shoves.
You have to call $172 to win a $282 pot... you're getting 1.64 to 1 and should call. Calling is the most EV play (as it is better than folding), but this situation isn't the best way to win profit.
Related to poker, EV generally answers the question of, "do I make more money if I call, or if I fold?"
It doesn't answer the question of which line yields the most amount of money.
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