Expected Value relate to Poker
You maybe know well to poker while you playing at online casino Malaysia, but do you know about the expected value of poker? The term “Expected Value” is used a lot in poker strategy discussions, and usually you’ve wondered what it means but never dared to ask, this is the article for you! Do you still remember specifically probability mathematics that you learn in secondary school? Basically, it is used to describe the long-term average outcome of a given situation. In order to calculate expected value, you need to take every possible outcome, multiply each by the probability of that outcome happening, and then adding those numbers. Expected Value is the basis for most non-psychotically poker strategies. In 399BEST like shuffle with medium pairs if the pot is not raised and there are other players who shuffle as well, that’s a play that may have positive Expected Value. The poker predicament, mathematically speaking, is to always make the decision that has the largest expected value, those for the sake of harshness it can be worth pointing out that the largest expected value may in some cases be negative, but less negative than any other course of action. By the way, you might curious how do we know what the competitor will do? Short of having a mind-reading device there is no sure-fire way to know. Yes, you can get an idea by using poker tells. But, you can also get an indication by using math. How? For instance, you see the odds of your competitor holding a straight flush are 72,192 to 1. Therefore, it is he indicating he has one, he’s either really lucky or bluffing. Yes, he could be having the poker night of his life, but he’s also unlikely to have it twice in the same game. You can just make decisions based on mathematically probable hands he is holding. In this theoretical situation, your expected value is RM 10 higher if you check and rise, instead of betting out. To maximize your winnings, therefore, you should always check in this situation, and rise if he bets, because that will give you an average profit that’s half a big bet more than just betting out. With the relatively small edges that are in effect for poker players, getting those extra 0.5BB in where you can is always the difference between a long term winner and a long term loser.