Quote:
Originally Posted by aspieryan
never looked up etiquette :P so i got spelling wrong.
to me the equity sounds like pot odds probably why i got confused i assume when people say odds that they mean what they figure their outs are possibility of getting it then making it into a simple variant such as 1 out of 3.
to me odds are money and non money related if that makes sense? to me money is put into the odds so yep i think of it as a number. say like call 500 in 1500 pot to make it 2000 i see it as odds i guess i should also label it as equity now.
That isn't really quite right, but maybe you should just read about it somewhere.
But I'll try very briefly to explain the difference:
When talking about 'pot odds', your cards don't matter. Only the bets matter. If someone bets $100 into a $200 pot, you have to call $100 to win $300. You're getting 3 to 1 pot odds. Your cards are completely irrelevant - whether you have the nuts or you're drawing dead, you're getting the same pot odds if you call;
When talking about 'equity', the bets don't matter. Only your cards matter. If you have 77 preflop against AA, you have roughly 20% equity (since you will win about 20% of the time). The bets are completely irrelevant - whether villain bets $1 into a $100 pot, or $1000 into that $100 pot, your percent equity is the same.
Often to decide if a play (a call, normally) is going to be profitable, we compare our equity with the pot odds we're getting.