Your equity is the single most important consideration if you have to decide between calling and folding when closing the action. In this video you will learn in which situations this is the case and how you can make your decision in three simple steps.
“Equity: Final Calls”
In this video you will learn... In what situations your equity is the most important factor for your decision... and how to find the correct decision in those situations.
Your equity is a crucial part of your decision making whenever... You face a bet on the river... Or your opponent pushes all in against you. In both situations you can close the action with a call. Your equity will determine whether that call is profitable or not.
You can follow three easy steps to make the correct decision in the aforementioned spots. Step 1: Calculate your required equity. Your required equity indicates how often you have to win the pot to make a call profitable. In the second step you put your opponent on a range of hands that he could hold in the given spot. The third and final step is to calculate your equity against your opponent's range.
Now let's take a look at how that concept works in practice. You're holding queens on the button. The action goes open raise, 3bet, 4bet and then your opponent pushes all in. Now you have to decide if you should call or fold. To make that decision, let's apply the three steps we just discussed. Step 1: We have to calculate your required equity. Your required equity is determined by: The amount you have to pay to make a call Your opponent goes all in for $25 and you already put $5 into the pot, so you still have to pay $20 to make a call. You should always be aware of your own stack size. For example, if you only had $15 left, you could only call for $15. The price would be different. The price of calling is then divided by the sum of the pot size and the price of calling. The pot size is calculated by adding the money that is in the pot BEFORE you call. That means we have to add your own $5 bet, the $25 of your opponent and $0.25 from the Big Blind. If we insert those values into the formula we have: 20 divided by 50.25 equals 0.39, let's say approximately 0.4. So the required equity is 40%. The pot will always contain at least the blinds, so the required equity for calling will always be below 50%! Let's continue with... Step 2: Put your opponent on a range to complete this step. Here is an example of a typical all in range for this spot: Jacks plus and Ace King Step 3: Calculate your equity against your opponent's range. So let's see how your queens do against his range of Jacks Plus and Ace-King. Quickly try to estimate whether you will have the required 40% equity against his range. ~3 seconds pause This was a rather simple spot. You might have come up with a number a little under 50% from the top of your head. That will be enough to know that your equity is easily above the required 40%. Sometimes you might want to know the exact numbers, or other times the ranges can be so wide that you can't calculate them without help. Whenever that is the case, you can just use Equilab. Here it returns our equity as 47%. So you can call your opponent's all in... and turn a profit in the long run.
Now let's turn our attention to the second spot in which your equity will be the most important factor in your decision making process: Your opponent is betting the river and you don't want to raise .
In these situations you should just follow the same three steps discussed before to decide whether you should fold or call. First you have to calculate the required equity. You already know this formula. YOUR OPPONENT BETS $7... So the pot size is: $24,50. In this spot you need at least 29% equity to make a profitable call. IN THE SECOND STEP YOU WILL PUT YOUR OPPONENT ON A RANGE ONCE AGAIN. In this spot his range will consist of made hands And busted flush draws In the last step you should determine your equity against his range. The result will be 32%. That means you can call profitably. Sometimes you will find yourself in spots where card removal comes into play. Let's say you are holding Ace of spades Queen of clubs. Your absolute hand strength is stronger now, but does that mean that a call will still be profitable? You still need 29% Equity. But now you have to contemplate how card removal will affect your opponent's range. Since you are holding the Ace of spades now, it can no longer be in his range. In this example the removal of the Ace of spades will primarily affect the busted flush draw portion of your opponent's range. You have to eliminate all the combos that contain the ace of spades. As a result, his range will be significantly smaller and your equity against it will only amount to 26%. Calling is no longer profitable and you should fold.
In this video you have learned how to decide between calling and folding when you are faced with an all in or a river bet. Just follow the three steps. First, you have to calculate how much equity you need to make a profitable call. In other words: the required equity. AS A SECOND STEP, PUT YOUR OPPONENT ON A RANGE. AND, FINALLY, CALCULATE THE EQUITY OF YOUR HAND AGAINST YOUR OPPONENT'S RANGE.