Posted 01 December 2004 - 11:07 PM
WHOA WHOA WHOA! Bad advice from the first guy, here, buddy! Okay... Think about what he just said for a minute. First off, if you've got a 1/3 shot of winning the pot, you're NOT 3-1 against, you're 2-1. 2-1 means.... for ever 2 times I lose, I will win 1 time. ISN'T THAT WHAT 1/3 means?? 1/2 (fifty fifty) means you're a 1-1 shot. (one win one loss) It's easy to calculate, too.Figure out your odds to win the pot (say, 1/4). Then subtract one from the second number, but it first, and those are your odds against. 1/4 means you're a 3-1 shot. Capice?Also, he gives more WRONG advice (and shows that he didn't know what he was talking about in the first place) when he says :However, in the second example, the pot is laying you 2-1 on a 3-1 draw. You will still win 1 time out of three (3-1). But, 2 times you will lose $40, and one time you will win $80. $80-$80=$0. There is no merit in calling. That's all wrong on every level. Yes. The pot is laying you 2-1. But you're on a 2-1 draw (as you will win one time and lose twice). His math is kinda right (you'll win 80, lose 40 and lose 40). But then he says, "There is no merit in calling." Well, if your EV is CURRENTLY 0 (as it is), then there's ALWAYS merit in calling. This is a tricky concept. It's called IMPLIED ODDS. There is absolutely merit in calling here. If you hit your hand, you're not going to win JUST the money in the pot, you're going to win whatever extra bets you capture. So if he bets 40 and you raise 40, and he calls.... well, there's some extra money there, isn't it? So if you think your opponent could potentiallly throw more money into the pot (which they almost always will), and ESPECIALLY if you think your opponent will come out betting or call a raise no matter what, you're CERTAINLY justified in calling in a coinflip situation. You're even justified in making some calls (into big pots, with bad aggressive players, etc) when you're getting slightly BELOW average odds to call. Don't get carried away.Also, a note: Give correct advice, or don't give any.