Join Date: Jun 2004
Posts: 23,783
In general,
EV=Amount you win*How often you win-Amount you lose*How often you lose
If you're raising 2.5bb on the button to win 1.5bb then:
EV=1.5*Player folds-2.5*(100-Player folds)
EV=1.5*Player folds-250+2.5*Player Fold
EV=4*Player Folds-250
Break-even is when EV=0 so,
0=4*Player Folds - 250
4*Player Folds=250
Player Folds=62.5
So if you raise 2.5bb from the button to steal you need to succeed 62.5% of the time to be profitable in and of itself (ie; ignoring whatever happens postflop).