Originally Posted by constarr
That's so much simpler than mine, but do you not need to factor in how much you are folding to make it accurate? I feel like it may be that you win +EV when you call, but if you're folding more than you can call, because of the range you are calling with, it could make it -EV overall.
Does that make sense?
I look at the EV equation to provide me guidance on a specific decision. I donít have a range Ė I have a specific hand. My opponent also has a specific hand but since I donít know what it is (usually), I have to assign him a range. My hand vs. his range is used to estimate your equity, where you might include such factors as opponent tendencies to weight the hand frequencies in his range.
Given that situation along with bet size, stack sizes, pot size, etc. the EV result, if I can calculate it, will tell me to call or fold. There is no probability to this Ė Iíll do one or the other. So, Iím not sure that your suggestion of including your fold probability has merit for the all-in bet situation being discussed.