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fundamental poker concepts
Poker fundamental concepts
9
Games
8th Grade
05/01/2017

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Term
probability
Definition
number of desirable outcomes divided by the number of possible outcomes
Term
effective stack size
Definition
the size of the smallest stack between two different players indicates the highest amount you can win or lose in a hand against any one particular opponent.
Term
stack to pot ratios (SPR)
Definition
SPR compares the current pot size to your stack size. It is the effective stake size divided by the size of the pot. as a rule small SPRs will be people more committed to a hand and people with large SPRs will be less committed. SPR = Effective stack size / pot size.
Term
odds
Definition
another way of expressing the probability
Term
pot odds
Definition
Reward/Risk = Pot Size/Amount to call
Reward to risk ratio. The immediate odds being offered when we call a bet. We risk the amount of the call to win the reward of the amount in the pot.
Term
equity
Definition
your chance of winning a pot in a given situation.
Term
Six situations favoring implied odds
Definition
Against aggressive opponents
Against Calling Stations
When in position
When you're deep stacked
With hidden draws
Term
five situations implied odds don't work
Definition
Against tight opponents
Against short stackers
End of action spots
When out of position
With obvious draws
Term
Money Bubble
Definition
The "money bubble" is the point of the tournament when the next player eliminated will not receive any money
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