Hello All,
We often hear the term Fold Equity being thrown around!
I have looked in the glossary ( http://www.pokerstrategy.com/glossary/Fold-Equity/ ) and while I understand that it is the percentage chance that the other players will fold I don't really understand how the equation works?? How do we put a % on the chance someone will fold?? Or do we even need to use this at the tables??
In equation speak does * mean multiply (x)??
I also hear people using the term in live poker and am unsure they even know that they're using it in the correct context!
Thanks,
Zach