Poker players relies on decisions in order to become successful in this game. If they make good decisions, they win and if they didn’t they lose.
Each decision you will make has a long term expected value in poker which is shorten as EV. The EV of a decision is what you will win or lose on average in the long term. One example would be playing in a limit Hold Em poker game where in you play and bet the nuts on the river. With this you’ll get a positive expected value of $20 each time you made the decision. On the other hand, folding a big blind will make you lose $10 which is a negative EV every time you made the same decision.
But it does not end there. The negative $10 expected value in a Big blind is more complicated than it seems. If you lose a standard $3 in the BB, then the expected value of folding each hand you have is worth -$7. And if you lose $12 a hand during a big blind then the EV of folding is a positive $2.
But why there are still a lot of players who make bad judgment? This is because they focus themselves on the short term aspect of the game and not the long run. They think that luck is the,...Read Full Article From Las Vegas