Quote:
Originally Posted by MikeStarr
Let me know if Im doing this math correctly regarding required Fold Equity. This is a real hand...
EP ($1000) opens $15.
Button ($600) calls.
Hero ($1300) calls JsTs SB
BB ($600) calls
Flop ($60) 5s5c4s. Check to EP raiser who bets $35. Button calls.
Hero check raises to $135. BB folds.
EP reraises to $275. Button folds. Lets say I decide to jam it all in here. If he calls.....Ill be putting in $865 at this decision point and the total pot will be $2095 if he calls. I'm putting in 41% of the money.
Lets say he has 9h9d. I have about 50% equity so if he calls I'm obviously OK.
Lets say he has KhKd. I have about 30% equity. Can I subtract the 30% from 41% and say I only need 11% FE for this jam to be neutral EV and if he folds more than 11% of the time its a +EV play?
We can talk about whether I should not have check raised in the first place or whether I should just call the flop reraise, but I want to know if I'm calculating needed FE correctly.
So firstly, when he makes it 275 here, he's got...710 left? So it's 850 we'd be risking (710 left + his 275 bet - our 135 bet).
So 60 preflop, bet 35, call, 135, 275, there's 540 out there. We risk 850 to win that immediately.
So what fold equity do we need? Like you said, it depends on his range, since only two things can happen:
- He folds (we'll call this P)
- He calls (we'll call this 1-P)
Our EV when he folds is obvious: 540.
Our EV when he calls is not too hard to calculate either: it's our pot share minus our investment. In this case, there would be 2065 in the middle and we'd have equity of X after an 850 investment.
So our EV is: 540*P + (2065*X - 850)*(1-P), and I'll declare this as F
So if F > 0, we have a profitable shove.
Let's construct a call off range, since this is the important part. Let's say he's planning to go with his A hi flush draws (AsKs, AsQs, As3s, As2s) and some overpairs (JJ+ with no spade). Against this range, we have just 27.7% equity.
So F(X=.277) ~ 540P - 278(1-P) = 818P - 278.
818P - 278 > 0
P > 278/818, or approx 34%
So since I listed 16 combos, he needs a little over 8 fold combos in this hypothetical to profit.
Now let's say this guy is loose and a kamikaze pilot and he'll stack off with 88+ (obv A5s, 55, 44) and all broadway and A hi and combo flush draws in his range. So something like 76ss, 87ss get added and he has all the AXss. Against that range we have 31.8%
So F(X = .318) ~ 540P - 193.33(1-P) = 733.33P - 193.33.
P > 26.4%
Generally I think a lot of players will fall into the former, not willing to get in near dead against a 5 in this situation, so plays like this are more likely to resemble the former situation (where it's easy to assume they're folding like 50% when you only need 34% and ram it).