Quote:
Originally Posted by chillrob
So what percentage equity in your simulation would be necessary for hero to have a value bet?
I see what you're getting at. Actually figuring out if we have a profitable value bet here vs 3 opponents is a very complicated math problem. Some reasons why that is:
1) The ranges aren't independent. I.E. if BB calls our river bet that takes out combos of hands that MP or the fish will call with.
2) MP's overcalling range will be significantly tighter than his calling range.
3) Even the fish's overcalling range or double overcalling range will be tighter than his "I'm the only guy left, I gotta see it" calling range.
The best way to view my equity calcs is: as a guide to making a pretty good educated guess as to whether or not hero has a profitable value bet. Based on those numbers I feel confident assuming hero is burning money betting against 3 opponents on the river.
Some further remarks, not addressed to you, but just regarding this hand:
1) Intuitively speaking one should be able to surmise that hero is an underdog against a tight BB's river calling range or MP's river calling range. If one can't do this they need to seriously work on their hand reading/range analysis.
2) My equilab numbers would work perfectly vs 1 opponent. If we have greater than 50% equity vs an opponent's river calling range then we should always bet under the assumption that our opponent will never check/raise bluff. And we need greater than 66.67% equity to turn a profit on a value bet if we're always calling a check/raise.