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Poker is a popular card game that combines elements of chance and strategy. There are various styles of poker, all of which share an objective of presenting the least probable or highest-scoring hand. A poker hand is usually a configuration of five cards depending on the variant, either held entirely by a player or drawn partly from a number of ...
Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit (or possibly pot limit) tournament. It is the equity a player can expect to gain due to the opponent folding to his or her bets. [1] It equates to:
In this particular circumstance, the correct decision is almost certainly to fold. There are too many turn and river cards that could kill his hand. Even if Carol does not have an A or a K, there are 3 cards to a straight and 2 cards to a flush on the flop, and she could easily be on a straight or flush draw.
Three cards are then dealt to the board and will eventually contain five cards. After checking his/her cards, the player has to decide (a) to fold with no further play losing the Ante bet or (b) to make a Call bet of double the Ante bet. If one or more players makes a Call bet the dealer will deal two more cards to the board, for a total of five.
The player and dealer are both dealt two cards (face down). After checking his/her cards, the player may fold and forfeit the ante bet or play by betting double the ante. Three community cards are then dealt face up to the board (the flop). The player may decide to check or bet the amount of the ante. Another card is dealt to the board (the turn).
Three Card Poker is played as heads-up between the player's hand and the dealer's hand. After all ante wagers are placed, three cards are dealt to each player and the dealer. Players have a choice to either fold or continue in the game by placing a "play" wager equal to their ante.
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In poker, the Independent Chip Model (ICM), also known as the Malmuth–Harville method, [1] is a mathematical model that approximates a player's overall equity in an incomplete tournament. David Harville first developed the model in a 1973 paper on horse racing; [2] in 1987, Mason Malmuth independently rediscovered it for poker. [3]
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