Understanding Value
Value, Range and Pot Odds
Example Hand
Seat 1: Elly (7918 in chips)
Seat 2: Gerry (13433 in chips)
Seat 3: larry (17813 in chips)
Seat 4: blane (12076 in chips)
Seat 5: andre (6985 in chips)
Seat 6: Hansen (4880 in chips)
Seat 7: kathy (2945 in chips)
Seat 8: HERO (27965 in chips)
Seat 9: Matt (11315 in chips)
Elly: posts the ante 75
Gerry: posts the ante 75
larry: posts the ante 75
blane: posts the ante 75
andre: posts the ante 75
Hansen: posts the ante 75
kathy: posts the ante 75
HERO: posts the ante 75
Matt: posts the ante 75
Matt: posts small blind 400
Elly: posts big blind 800
*** HOLE CARDS ***
Dealt to HERO [Kd Qd]
Gerry: folds
larry: folds
blane: folds
andre: folds
Hansen: folds
kathy: folds
HERO: raises 1200 to 2000
Matt: folds
Elly: raises 5843 to 7843 and is all-in
HERO: WHAT SHOULD HERO DO?
The first thing is to understand the value. With all the antes, blinds, and your pre-flop raise in the hand.
It will cost you 5843 chips to try to win a total pot of 16839. That means you need to be a 34.7% favourite over the majority of Elly's range.
If we give Elly a reasonable range of every pocket pair (13 hands), every aces (12 more hands) and KQ, KQ, and KT. That is 28 hands in total.
So how many of those hands are you more than a 34.7% chance to win against? The answer is a whopping 24 hands! That is 24 out of 28 hands. A definate call. As long as you are more than 34.7% chance to win against 50% of the hands in Elly's range, then calling is the correct decision.
What are the 24 hands?
AA Behind the value
KK Behind the value
QQ thru to 22 Ahead of the value
AK Behind the value
AQ Behind the value
AJ thru A2 - Ahead of value
KQ - Ahead of value
KJ - Ahead of value
KT - Aead of value
Yes, you even have value over QQ, perhaps surprising to some.
