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The fundamental theorem of poker, introduced by David Sklansky, states: Every time you play your hand the way you would if you could see your opponents' cards, you gain, and every time your opponents play their cards differently from the way they would play them if they could see your cards, you gain. [1] This theorem is the foundation for many ...
The fundamental theorem is stated in common language, but its formulation is based on mathematical reasoning. Each decision that is made in poker can be analyzed in terms of the expected value of the payoff of a decision. The correct decision to make in a given situation is the decision that has the largest expected value.
To that end, we have provided a list of poker hand rankings, from highest to lowest. Royal flush: A royal flush is the name for a hand in which the player has Ace, King, Queen, Jack, 10 all in the ...
Kuhn poker is a simplified form of poker developed by Harold W. Kuhn as a simple model zero-sum two-player imperfect-information game, amenable to a complete game-theoretic analysis. In Kuhn poker, the deck includes only three playing cards , for example, a King, Queen, and Jack.
1 N/A [3] N/A [3] Yes No Diner's dilemma: N: 2 1 No No No No Dollar auction: 2 2 0 Yes Yes No No El Farol bar: N: 2 variable No No No No Game without a value: 2 infinite 0 No No Yes No Gift-exchange game: N, usually 2 variable 1 Yes Yes No No Guess 2/3 of the average: N: infinite 1 No No Maybe [4] No Hobbesian trap: 2 2 1 No No No No Kuhn poker ...
The concept applies primarily in tournament poker; in a cash game, a player can in principle manipulate their M at will, simply by purchasing more chips. A player with a low M must act soon or be weakened by the inability to force other players to fold with aggressive raises. The term was named after Paul Magriel.
The Q-ratio (also known as Q number or just Q) is used in poker tournament strategy. It is also known as the "weak force." The Q-ratio describes the relation of the player's stack to the tournament players' average stack. A low Q-ratio — less than 1 — indicates a below-average chip stack, implying disadvantage against opponents.
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