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bigkeenanh
Assuming I can't win if I'm called...

betting $40 into a $30 pot, how often do I have to win in order for this play to be profitable.

Please provide how you did this.

Thanks smile.gif
Actuary
since you will always lose $40 when you are called, and win $30 when you are not.

Then you can solve for 2 equations:

%Called * $40 = %NotCalled * 30
%Called + % NotCalled = %100

And solve

Solve Second Equation for % Called.
%Called = %100 - %NotCalled

Substitute this result into the first equation

( %100 - %NotCalled ) * $40 = %NotCalled * $30

Distribute:

%100 * $40 - %NotCalled * $40 = %NotCalled * $30

Add like terms

$40 = $70 * % NotCalled

Solve by dividing thru by $70 on both sides

%NotCalled = $40 / $70 = % 57.1428571

So if they call about 43% you break even.

Any questions?

I"m sure there are faster ways to solve this; but this shows the equations and was the first way I thought of

******************

Or simply say:

x = % I"m called
1-x = % I"m not called

$30 * (1-x) - $40 * x > 0

$30 - $30 * x - 40 * x > 0

$30 - $70 * x > 0

$30 > $70 * x

$30 / $70 > x

So x has to be less than 30/70, or 42.857% to win
Where x is the % you are called
_Great_Dane_
QUOTE (bigkeenanh @ Friday, November 10th, 2006, 4:58 PM) *
Assuming I can't win if I'm called...

betting $40 into a $30 pot, how often do I have to win in order for this play to be profitable.

Please provide how you did this.

Thanks smile.gif

I'm looking at this again because I forgot - "Assuming I can't win if I'm called..."

Here are the "givens" that I'm working with: you're heads up, and half of the $30 pot was from you, and you're all in for $40, assuming that you can't win if you're called, you'll be betting $55 ($15 + $40) to win $15 (1/2 of the $30 pot) of someone else's money. In order to be "profitable" I feel as though we need to include all money invested during the hand.

$55 of your money divided by $15 of someone else's money = 3 2/3. You'll need to win, in this scenario, 3 2/3 times for every 1 time that you lose (or win 11 times for every 3 losses) to break even.

This is just a simple way to look at it based on my understanding of the given circumstances. Of course, it's always important to check our math: winning 11 times, at $15 profit per hand, = $165 profit. Losing 3 times, at $55 lost per hand, = $165 lost.
bigkeenanh
Christ that's complicated lol

I asked because a play I've been trying a few times ends up betting 40 to win 30 (arbitrary numbers, but same %s).

Heads up pot, hero has position. Villain took lead preflop.

Flop pot = 10
Villain bets $5, hero calls

turn pot = 20
Villain bets $10, hero raises to $40


I've only tried it on 2 of the players I know to consistantly fire a 2nd bullet, on a non-threatening board, but has seemed to work fairly well. Just want to make sure I'm not getting super-lucky, and it doesn't have to win too often lol.




There wouldn't happen to be a shorter way to figure that out would there? lol, I have no idea how you did all that math laugh.gif cool.gif
Actuary
QUOTE (bigkeenanh @ Friday, November 10th, 2006, 2:29 PM) *
that's complicated lol


well, you have to solve for something.
And then do additions, subtraction and division.

I really can't see a more simple way.

Ok. maybe this.

Take the Pot (before your bet)
Divide by: the Pot + Your Bet
If he calls more than this you lose money.

Like this:

$30 / ( $30 + $40) = $30 / $70 = 42%
bigkeenanh
Thanks Actuary, that bottom one is much easier to follow for the mathematically retarted

QUOTE (_Great_Dane_ @ Friday, November 10th, 2006, 2:20 PM) *
I'm looking at this again because I forgot - "Assuming I can't win if I'm called..."

Here are the "givens" that I'm working with: you're heads up, and half of the $30 pot was from you, and you're all in for $40, assuming that you can't win if you're called, you'll be betting $55 ($15 + $40) to win $15 (1/2 of the $30 pot) of someone else's money.

$55 of your money divided by $15 of someone else's money = 3 2/3. You'll need to win, in this scenario, 3 2/3 times for every 1 time that you lose (or 11 times for every 3 losses) to break even. In order to be "profitable" I feel as though we need to include all money invested during the hand.

This is just a simple way to look at it based on my understanding of the given circumstances.

Aren't I betting $40 to win $30 though?
_Great_Dane_
QUOTE (bigkeenanh @ Friday, November 10th, 2006, 5:46 PM) *
Thanks Actuary, that bottom one is much easier to follow for the mathematically retarted
Aren't I betting $40 to win $30 though?

You're betting $40 to win the $30 pot but, if half of that $30 pot came from you, and you want to talk about being "profitable," you've really got $55 in the pot to win $15 of someone else's money. If you're looking at profitability, you shouldn't write off the $15 that you already have invested in the pot.
bigkeenanh
QUOTE (_Great_Dane_ @ Friday, November 10th, 2006, 2:49 PM) *
You're betting $40 to win the $30 pot but, if half of that $30 pot came from you, and you want to talk about being "profitable," you've really got $55 in the pot to win $15 of someone else's money. If you're looking at profitability, you shouldn't write off the $15 that you already have invested in the pot.

Ah gotcha, thanks
Actuary
QUOTE (bigkeenanh @ Friday, November 10th, 2006, 2:54 PM) *
Ah gotcha, thanks


Big:

Dane has been proven here to be bad at math.
He has me on ignore; so don't expect a response from him.

The $15 he speaks of is completely irrelevant to your turn play. If you want to discuss the profitability of a two street move, then yeah, all $$$ you put in must be considered
bigkeenanh
I think I understand now. So if I'm pulling a multistreet bluff, all money I put in pot has to be accounted for. But say I called turn with a draw or something, then decided to bluff-raise the turn, I'd count it as 30/40

QUOTE (Actuary @ Friday, November 10th, 2006, 2:37 PM) *
$30 / ( $30 + $40) = $30 / $70 = 42%

hey, when I do this, I'm basically just dividing possible win by possible loss correct?

So for the way Dane posted it, I'd go

15/55 = 27%, therefore have to win 73% of time?
_Great_Dane_
QUOTE (bigkeenanh @ Friday, November 10th, 2006, 4:58 PM) *
Assuming I can't win if I'm called...

betting $40 into a $30 pot, how often do I have to win in order for this play to be profitable.

Please provide how you did this.

Thanks smile.gif

QUOTE (bigkeenanh @ Friday, November 10th, 2006, 5:29 PM) *
I asked because a play I've been trying a few times ends up betting 40 to win 30 (arbitrary numbers, but same %s).

Heads up pot, hero has position. Villain took lead preflop.

Flop pot = 10
Villain bets $5, hero calls

turn pot = 20
Villain bets $10, hero raises to $40

I'm looking at this again because the op gave some more info in his second post:

Here are the "givens" that I'm working with: you're heads up, and $10 of the $30 pot was from you, and you're all in for $40, assuming that you can't win if you're called, you'll be betting $50 ($10 + $40) to win $20 ($5 + $5 + $10) of someone else's money. In order to be "profitable" I feel as though we need to include all money invested during the hand.

$50 of your money divided by $20 of someone else's money = 2 1/2. You'll need to win, in this scenario, 2 1/2 times for every 1 time that you lose (or win 5 times for every 2 losses) to break even. Winning 5 times out of 7 = about 71% of the time.

This is just a simple way to look at it based on my understanding of the given circumstances. Of course, it's always important to check our math: winning 5 times, at $20 profit per hand, = $100 profit. Losing 2 times, at $50 lost per hand, = $100 lost.
Actuary
yeah, I'm just converting Odds to Percentages

In the first idea, of a turn bluff only, its

$40 to win $30

So you need him to only call 30 times for every 40 he folds.
THat means 40 out of every 70 hands he needs to fold. 40/70
Or he needs to call less than 30/70, same thing, essentially.

It's sorta the converse of drawing whenn you use pot odds.
You think: "Im getting 6:1 to draw to a 4:1 hand" So, you draw.
Zach6668
EDIT - nevermind.
James D
I assume this is a river bet we are talking about here? That was never established, or I'm just slow.

If so, then Actuary is correct.

But if not, then implied odds and reads on the player also must come into the equation.
Actuary
QUOTE (James D @ Friday, November 10th, 2006, 3:43 PM) *
I assume this is a river bet we are talking about here? That was never established, or I'm just slow.

If so, then Actuary is correct.

But if not, then implied odds and reads on the player also must come into the equation.


dude, no
We're done with the hand if he calls.
And it's not about predicting how often he calls; it's just about solving for a %.

Why are hypotheticals so hard to understand??
_Great_Dane_
QUOTE (Actuary @ Friday, November 10th, 2006, 6:09 PM) *
Dane has been proven here to be bad at math.

Wrong. My math skills are above average and they speak for themselves in my answer to your question on this page. A's referring to an interpretation of how to solve a problem that was discussed in the past. Although I'm above average, I usually don't go out of my way to brag like some people do:
QUOTE (Actuary @ Wednesday, November 8th, 2006, 12:06 PM) *
hi, welcome.
I am a math wiz...

I should get paid for this.

QUOTE (Actuary @ Friday, November 10th, 2006, 6:09 PM) *
He has me on ignore; so don't expect a response from him.

I opened a couple in this thread out of curiosity. But I'm not interested in seeing any more in this thread
QUOTE (Actuary @ Friday, November 10th, 2006, 6:09 PM) *
The $15 he speaks of is completely irrelevant to your turn play. If you want to discuss the profitability of a two street move, then yeah, all $$$ you put in must be considered

Nice self-contradiction. As the op described it, and I interpreted it, it was a two-street move. Therefore the $10 already invested must be used in the profitability calculation. I'm glad that you agree with me.

I'm done with this thread, unless the op has any more questions, because I don't want to get A to lose it as he did in a previous thread:
http://www.fullcontactpoker.com/poker-foru...t&p=1495232

Bye.
Actuary
Big,

see?

lol.

And feel free to read thru the thread Dane pointed to.
It's pretty good stuff and gives you more insight into Dane's ignorance concerning bankroll managment and reading people's intents over the net, among other things
James D
QUOTE (Actuary @ Friday, November 10th, 2006, 3:49 PM) *
dude, no
We're done with the hand if he calls.
And it's not about predicting how often he calls; it's just about solving for a %.

Why are hypotheticals so hard to understand??



dude, no yourself.

How can we be done with the hand if you don't even know what he's betting with here?

Say this is a turn bet, and you are overbetting your flush draw... you get a call with TPTK, and you hit your flush. Still done with the hand?

As I said, if it's purely a river bet, then you are correct with the maths.
_Great_Dane_
2 User(s) are reading this topic (0 Guests and 0 Anonymous Users)
2 Members: _Great_Dane_, Actuary

Uh oh. He's back to see what was posted after he left. Too bad I won't see what he's going to write.
Actuary
QUOTE (James D @ Friday, November 10th, 2006, 3:56 PM) *
dude, no yourself.

How can we be done with the hand if you don't even know what he's betting with here?

Say this is a turn bet, and you are overbetting your flush draw... you get a call with TPTK, and you hit your flush. Still done with the hand?

As I said, if it's purely a river bet, then you are correct with the maths.


OK
Follow me here.
Read the OP
Read where he says "Assuming I can't win if I'm called..."
We assume we can't win if called
We assume we can't win if called

How hard is that to read?

It's not a poker hand reading question.
It was a math question.
James D
QUOTE (Actuary @ Friday, November 10th, 2006, 4:02 PM) *
OK
Follow me here.
Read the OP
Read where he says "Assuming I can't win if I'm called..."
We assume we can't win if called
We assume we can't win if called

How hard is that to read?

It's not a poker hand reading question.
It was a math question.



Yeah you're correct, didn't see that.

I was trying to bring a different situation into it though! (digging myself out of a hole.... wink.gif )
Actuary
QUOTE (James D @ Friday, November 10th, 2006, 4:06 PM) *
Yeah you're correct, didn't see that.

I was trying to bring a different situation into it though! (digging myself out of a hole.... wink.gif )


that's what makes you better than Dane
A willingness to capitulate.

Dane is so jealous of the respect I get on here it palpable
James D
QUOTE (Actuary @ Friday, November 10th, 2006, 4:11 PM) *
that's what makes you better than Dane
A willingness to capitulate.

Dane is so jealous of the respect I get on here it palpable



Lol.. capitulate is a bit strong, seeing as I agreed with you from the start.

I either just missed the part where he said 'assuming we can't win if we're called' or just got sidetracked while reading the thread. I like confusing things!

(Maybe I should start a thread about the semi-bluffs/overbetting draws which I was talking about?)

But yeah, Dane seems a bit sensitive to things sometimes. I think it's important to have more than 'one voice' here though, especially in the strat section. Even if you've had issues in the past, just forget it and move onto the next one... that's my opinion.
_Great_Dane_
QUOTE (James D @ Friday, November 10th, 2006, 7:28 PM) *
Dane seems a bit sensitive to things sometimes. I think it's important to have more than 'one voice' here though, especially in the strat section. Even if you've had issues in the past, just forget it and move onto the next one... that's my opinion.

I'm not "sensitive" to anything that happens here. Debate and observing multiple viewpoints are important; especially in strat. "A" won't forget his issues and he won't move on.

To show that he's overly sensitive, go here:
http://www.fullcontactpoker.com/poker-foru...t&p=1455738
To show that he won't move on:
http://www.fullcontactpoker.com/poker-foru...who&t=80048
shrimp4789
this posted reminded me of exactly why i hated math in school icon_doh.gif
bigkeenanh
Let's everyone chill lol. I think it's time for Actuary and Dane to roll a fat blunt and watch just erlax biggrin.gif

Seriously, thanks for the help everyone that posted.


James D-
The situation;
It's a 2 bullet bluff I've been trying recently. I've noticed a few people in my game will very frequently bet the flop OOP if they led preflop, and they always call a raise (all they need is atleast 1 overcard, guess they don't want to look like they were caught with their hand in the cookie jar). If they check the turn, they're always done, so I can bet the turn, and take it there.

I was just curious as to the frequency this play needs to work to profit from it
Sluggo
QUOTE (_Great_Dane_ @ Friday, November 10th, 2006, 2:49 PM) *
You're betting $40 to win the $30 pot but, if half of that $30 pot came from you, and you want to talk about being "profitable," you've really got $55 in the pot to win $15 of someone else's money. If you're looking at profitability, you shouldn't write off the $15 that you already have invested in the pot.


Fallacy of sunken costs.

It doesn't matter if the $30 pot came from you, your opponent, or Jesus Christ Reborn. All that matters is the presence of $30 in the pot.
_Great_Dane_
QUOTE (Sluggo @ Sunday, November 12th, 2006, 12:15 AM) *
It doesn't matter if the $30 pot came from you, your opponent, or Jesus Christ Reborn. All that matters is the presence of $30 in the pot.

QUOTE (Actuary @ Friday, November 10th, 2006, 6:09 PM) *
If you want to discuss the profitability of a two street move, then yeah, all $$$ you put in must be considered

And Jesus Christ Reborn was not in the hand. So, Sluggo, wouldn't you be more comfortable in the Religion forum?
BuffDan
QUOTE (_Great_Dane_ @ Saturday, November 11th, 2006, 9:33 PM) *
And Jesus Christ Reborn was not in the hand. So, Sluggo, wouldn't you be more comfortable in the Religion forum?


However, this is the original question:


QUOTE (bigkeenanh @ Friday, November 10th, 2006, 1:58 PM) *
Assuming I can't win if I'm called...

betting $40 into a $30 pot, how often do I have to win in order for this play to be profitable.

Please provide how you did this.

Thanks smile.gif


Thus, the question is NOT asking about the profitability of a two street move, and is just asking about this particular bet; it is with THIS bet that how the money got into the pot is irrelevant, which is what Sluggo was perfectly correct in pointing out.
Actuary
Heads up pot, hero has position. Villain took lead preflop.

Flop pot = 10
Villain bets $5, hero calls

turn pot = 20
Villain bets $10, hero raises to $40



later Big says this is a two street bluff.
We're lead to believe he has no hand, no draw and will lose this if Villain calls the turn raise.

What are we to assume about the $ we put in preflop? Surely, we felt some potential beyond just a two street bluff at that time. So lets say we put in $4 preflop, just to keep it simple

Given that overly simplified scenario, I'd say this is risking $49 to win $21. But $4 of that $49 was put in preflop when we had potential and not simply hoping villain folds. On the other hand, post flop, we are risking $45 to win $25. Nevertheless, we don't know on the flop, how much he is going to bet on the turn. In the end, we can look back to see what we risked; however, during the hand, our turn play should be taken alone in consideration for risk/reward.


***********************

QUOTE (BuffDan @ Saturday, November 11th, 2006, 11:05 PM) *
However, this is the original question:


the question was later explained more completely
_Great_Dane_
QUOTE (BuffDan @ Sunday, November 12th, 2006, 2:05 AM) *
However, this is the original question:
Thus, the question is NOT asking about the profitability of a two street move , and is just asking about this particular bet; it is with THIS bet that how the money got into the pot is irrelevant, which is what Sluggo was perfectly correct in pointing out.

QUOTE (bigkeenanh @ Saturday, November 11th, 2006, 9:57 AM) *
The situation;
It's a 2 bullet bluff I've been trying recently.
I've noticed a few people in my game will very frequently bet the flop OOP if they led preflop, and they always call a raise (all they need is atleast 1 overcard, guess they don't want to look like they were caught with their hand in the cookie jar). If they check the turn, they're always done, so I can bet the turn, and take it there.

I was just curious as to the frequency this play needs to work to profit from it
Zach6668
Thanks for your continued uselessness Dane, we covered that already.
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