Lucky Straights

The ramblings and mumblings of a wannabe poker pro

Equity Not EV

I have recently received a copy of Collin Moshman’s Sit ‘n Go Strategy and before finishing the first chapter, I have already improved my Sit ‘n Go play in an area where I have been struggling up until now.

This is in the realization that in the Sit ‘n Go’s, EV (cEV) or chip Expected Value, does not equal equity, your $ value for each play or decision. The clearest example I can give of this is early in a Sit ‘n Go, where I hold AK and I’m tempted to get all of my money in against a one or two opponents.

From a cEV point of view, I’m always happy to get all of my money in pre-flop with AK, unless I’m reasonably confident my opponent is holding the aces or kings. However, realizing that in such a situation my equity actually goes down, because I am likely in a race for all of my chips, with no real increase in equity even if I win, so early in the tournament, I have begun to question my approach to these situations.

Its not only the new text that has brought this into focus however, its a change of venue. I have begun to watch a friend play the $2 Sit ‘n Go’s on Full Tilt Poker, and the general standard of his competition, seems far ahead of what I am used to facing in the $1 Sit ‘n Go’s on Poker Stars. Not to the extent of making them any harder, but certainly to the extent that his opponents are more predictable. For instance in the AK example above, in my regular Sit ‘n Go’s, often I will be re-raised by AQ, or even AJ and on occassions I have been raised all-in by opponents holding pocket 3’s, in the $2 Full Tilt games however, a re-raise is ussually QQ – AA.

I’m still avoding regular sessions at the moment, because of problems with my eyes, only playing the occassional heads-up match to maintain my bonus, but as soon as I am able, I plan to work on building a bankroll from these $2 Sit ‘n Go’s on Full Tilt, and to use them, aided by the Moshman text to improve my tournament and Sit ‘n Go play.

February 5, 2008 Posted by | Sit-N-Go's 2 | , , , , , , , | Leave a comment