Quote:
Originally Posted by insideout1
We’re estimating how +EV a bluff is with Alpha?
Alpha gives us the % of their range they fold (which we then compare to how much we need them to fold to be profitable).
It doesn’t tell us the expected value of the bluff, however… EV has its own equation…
Yes, what I meant was if they fold at exactly alpha % of the time, it's a 0 EV bluff (under same assumptions as before...), as they fold more than that it becomes more +EV. You're right it doesn't calculate the exact EV, but that's not necessary while playing.