can somebody check my maths on this please? haven't thought about poker for a long time so it's been a while since i've done any of this.
1. Facing a bet
pot odds = 'amount to call' / ('pot' + 'amount to call')
villain's odds = 'amount to call' / 'pot' or in other words, 'his investment' / ('pot facing him' + 'his investment')
amount we should defend = 1 - "villain's odds"
amount we should fold = "villain's odds"
example:
say the pot is 1. villain bets 75% pot, which means the pot facing us is 1.75. we need to call 0.75 and our pot odds are 30%. We should defend roughly 57% and fold roughly 43% of our range.
2. Placing a bet
our odds = 'investment' / ('pot' + 'investment')
required FE = 'our odds'
villain's odds = 'investment' / ('pot' + 'investment'*2)
our bluffing frequency = "villain's odds"
our value betting frequency = 1 - "villain's odds"
Example:
We want to overbet 150% of the pot, so we bet 1.5 into a pot of 1. Our odds are 60%, which means our required FE is 60%. We should have 37.5% bluffs and 62.5% value in our range.
