Quote:
Originally Posted by Yeodan
So does this mean when I value bet all-in I only have to win 33% of the time to break even?
Does this work for bets that are not all-in too?
The frame of reference is really important here too, in most scenarios we say that folding is zero EV because that makes the math easiest. So no matter what action you take with a "value bet" other than folding, it is going to be "+EV" in this reference frame- thus you can't just say "oh it's +EV I'm gonna do it", you have to compare it with the EV of checking or other sizings.
It is the exact same for bets that are not all in, but for simple models we typically just say all-in because then we don't have to make the additional calculation of the bet/fold and bet/call scenarios if we get raised (which isn't too hard to do if we must).