Originally posted by Albeback
I don't understand why you LOL at MrMardyBum since you are saying the same thing.
Perhaps. But technically, since we are discussing the HEM allin-ev line it probably makes a lot more sense to refer to your ev as $-.2 since this is how it would be calculated by HEM. Don't you agree?
Suggesting your EV is $4.80 may be indicative of a common misunderstanding in how EV is calculated.
One forgets you can lose money in any given situation and therefore expect EV to exist somewhere on the scale $0 to $10. Realistically if you are allin preflop, it makes far more sense to consider your EV on a scale between $-5 and $5 in the given example. This is how HEM does it, and how it would be calculated if one was asked to calculate the EV of a preflop allin.
Naturally it depends on your point of reference, and perhaps MrMardyBum realises this; he just didn't choose the most logical reference point given the context of this thread, so one is left to wonder if he really has a clue what he is talking about.
Perhaps he was just trying to communicate with Bennisboy which is where the issue began
Originally posted by bennisboy
Say there is $1 in the pot, and you are 75% favourite, well then, it counts in the EV graph as though you won 75c, regardless of whether you got the $1 or $0.
I'm sure someone is misunderstanding something...somehow......notice how you can't lose money in this example. Easy game, huh?
The common misconception is that EV = (amountyoucan win * %chanceyouwin)
The correct definition of EV =
(Amount you can win * %chanceyouwin) - (amount you can lose * %chanceyoulose)