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Poker hand converters allow players to take text-based online poker hand history files from online cardrooms and convert them into formats friendly to the eye and suitable for posting on online message boards. Hand converters are often used to show played hands to other players for analysis and discussion.
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A poker advantage calculator calculates a player's winning ratio and normalizes the winning ratio relative to the number of players. An advantage calculator, provides a normalized value between -100% and +100% describing a player's winning change in a locked domain.
PokerStove is a program that calculates hand equities (i.e., expected percentage of the time that each hand wins at showdown). [3] Since poker is a game of incomplete information, the calculator is designed to evaluate the equity of ranges of hands that players can hold, instead of individual hands. [4]
In some variants of poker a player uses the best five-card low hand selected from seven cards. In most variants of lowball, the ace is counted as the lowest card and straights and flushes don't count against a low hand, so the lowest hand is the five-high hand A-2-3-4-5 , also called a wheel .
Pot odds are only useful if a player has enough equity.Equity is the chance a player has to win the hand at showdown.It is calculated as the fraction of remaining cards in the deck for each remaining street (sequential card being dealt, e.g. turn, river) that can give a player the winning hand.
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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.