In sngwiz when I do a HH review the edge value varies from hand to hand. How does wiz come up with this value?

Is it a good idea to set this value to zero if we want to see how wide our range can be or should it be left as wiz calculates?

I don't know how sngwiz defines edge but here are what I think are standard defs.

Four equivalent edge definitions:
• Edge is EV/I, expected value divided by investment or bet amount. If the investment amount is one unit, then edge is equivalent to EV.

• For an even money payout (1 to 1 odds payoff), edge is win probability – lose probability.

• For a non-even money payout, edge is odds payoff * win probability – lose probability

• For a tournament, edge is equal to ROI.

I’ll use roulette to illustrate how edge works. Consider the American system where a roulette wheel has two zeros plus 36 numbers. If you hit a number, the house pays 35 to 1. Without the two zeros, that would be a fair bet but the two zero’s give the house the ‘edge’. How much edge? Let’s use the basic formula, edge being EV/I. Say you bet $10 on your birthday number. If you hit, you win 35 times your bet or 350. If you lose, you lose your $10.

EJ = EV/I

EV = Pr(Win) * Payout - Pr(Lose)*Bet
= 1/38 * 350 - 37/38 * 10 = -0.5263.

This says that for each ten dollar bet you make, you can expect to lose 52.6 cents. The edge is then

EJ = -0.5263/10 or -5.263%

If we use the equation, EJ = odds payout * Pr(Win) – P(Lose), we have
EJ = 35 * 1/38 – 37/38 = -5.263%.

What if you bet one dollar on red where the payout is 1 to 1. Here P(win) = 18/38 so,

EJ = 18/38 * 1 + 20/38*(-1) = -5.263%.

The house got you any which way.

I found some general default edge models in sng wiz based on position and chip stack

Thanks for your reply!