{"id":2526115,"date":"2023-12-05T08:51:00","date_gmt":"2023-12-05T08:51:00","guid":{"rendered":"https:\/\/pokercoaching.com\/blog\/?p=2526115"},"modified":"2026-04-20T13:13:05","modified_gmt":"2026-04-20T13:13:05","slug":"poker-ev","status":"publish","type":"post","link":"https:\/\/pokercoaching.com\/blog\/poker-ev\/","title":{"rendered":"The Poker EV Mistake Most Players Make (And How to Fix It)"},"content":{"rendered":"<a data-no-instant=\"1\" href=\"https:\/\/pokercoaching.com\/tournament-masterclass\" class=\"adv-link\" aria-label=\"tournament masterclass unlock\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2025\/04\/tournament-masterclass-unlock.png\" alt=\"tournament masterclass unlock\"  srcset=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2025\/04\/tournament-masterclass-unlock.png 1176w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2025\/04\/tournament-masterclass-unlock-746x143.png 746w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2025\/04\/tournament-masterclass-unlock-1024x197.png 1024w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2025\/04\/tournament-masterclass-unlock-768x148.png 768w\" sizes=\"auto, (max-width: 1176px) 100vw, 1176px\" width=\"1176\" height=\"226\"   \/><\/a>\n\n\n\n<p><\/p>\n\n\n\n\n<p>EV in poker, or expected value, is the average profit or loss of any decision over the long run. A call with positive EV makes money over thousands of repetitions even when it loses in a single hand. <\/p>\n\n\n\n<p>A fold with negative EV costs you money even when it feels safe. Every bet, call, raise, and fold has an EV, and the entire goal of good poker is to consistently make decisions where that number is positive.<\/p>\n\n\n\n<p>I have coached thousands of students on this concept, and the shift I see when it finally clicks is dramatic. Players stop asking &#8220;Did I win that hand?&#8221; and start asking &#8220;Was that the correct decision?&#8221; <\/p>\n\n\n\n<p>Those are completely different questions, and only the second one makes you a better player. This guide covers what EV is, how to use the formula, and the three mistakes that make most players&#8217; EV calculations wrong when they try to apply them at the table.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>EV in poker is the average amount a player expects to win or lose from a specific decision over the long run. A decision with positive EV (+EV) makes money when repeated many times, even if it loses on any single occasion. A decision with negative EV (-EV) loses money over time regardless of short-term results. The formula is: EV = (%W x $W) minus (%L x $L).<\/p>\n<\/blockquote>\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-2924abc2 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-false uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height     \" data-faqtoggle=\"true\" role=\"tablist\"><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-2cb26bad \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>TLDR:<\/strong>\u00a0See AI summary of this article.<\/span><\/div><div class=\"uagb-faq-content\"><p><strong>Expected Value (EV)<\/strong> is a fundamental concept in poker that represents the average amount a player can expect to win or lose from a particular decision over the long run. By consistently making decisions with positive EV, players can maximize their profits over time. Calculating EV involves assessing all possible outcomes of a decision, the probability of each outcome, and the associated gains or losses. The formula is:<br><br><strong>EV = (Probability of Winning \u00d7 Amount Won) \u2013 (Probability of Losing \u00d7 Amount Lost)<\/strong><br><br>For example, if you&#8217;re considering a $50 bluff into a $100 pot, and you estimate your opponent will fold 40% of the time:<br><br><strong>EV = (0.40 \u00d7 $100) \u2013 (0.60 \u00d7 $50) = $40 \u2013 $30 = +$10<\/strong><br><br>This indicates a positive expected value, making the bluff profitable in the long term.<\/p><\/div><\/div><\/div>\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"How To Calculate EV: [POT ODDS &amp; EQUITY]\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/PmHc40VgWAc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\t\t\t\t<div class=\"wp-block-uagb-table-of-contents uagb-toc__align-left uagb-toc__columns-1  uagb-block-c51475d5      \"\n\t\t\t\t\tdata-scroll= \"1\"\n\t\t\t\t\tdata-offset= \"30\"\n\t\t\t\t\tstyle=\"\"\n\t\t\t\t>\n\t\t\t\t<div class=\"uagb-toc__wrap\">\n\t\t\t\t\t\t<div class=\"uagb-toc__title\">\n\t\t\t\t\t\t\tTable Of Contents\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"uagb-toc__list-wrap \">\n\t\t\t\t\t\t<ol class=\"uagb-toc__list\"><li class=\"uagb-toc__list\"><a href=\"#what-is-expected-value\" class=\"uagb-toc-link__trigger\">What Is Expected Value?<\/a><li class=\"uagb-toc__list\"><a href=\"#how-ev-works-in-poker\" class=\"uagb-toc-link__trigger\">How EV Works in Poker<\/a><li class=\"uagb-toc__list\"><a href=\"#calculating-ev-in-poker\" class=\"uagb-toc-link__trigger\">Calculating EV in Poker<\/a><li class=\"uagb-toc__list\"><a href=\"#common-mistakes-when-calculating-ev-in-poker\" class=\"uagb-toc-link__trigger\">Common Mistakes When Calculating EV in Poker<\/a><li class=\"uagb-toc__list\"><a href=\"#bluffing-for-ev-and-other-considerations\" class=\"uagb-toc-link__trigger\">Bluffing for +EV and Other Considerations<\/a><li class=\"uagb-toc__list\"><a href=\"#realizing-your-ev-how-the-long-run-works\" class=\"uagb-toc-link__trigger\">Realizing Your EV: How the Long Run Works<\/a><li class=\"uagb-toc__list\"><a href=\"#final-words-on-expected-value\" class=\"uagb-toc-link__trigger\">Final Words on Expected Value<\/a><li class=\"uagb-toc__list\"><a href=\"#poker-ev-faq\" class=\"uagb-toc-link__trigger\">Poker EV FAQ<\/a><\/ol>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\n\n\n<h2 class=\"wp-block-heading\">What Is Expected Value?<\/h2>\n\n\n\n<p>Simply put, the expected value is the measurement of the expected result of a certain action.<\/p>\n\n\n\n<p>However, the expected value does not necessarily translate into a real value each time; it only does so over many attempts.<\/p>\n\n\n\n<p>It is the average result you stand to gain from repeating the same action many times over with the same basic parameters.<\/p>\n\n\n\n<p>Let\u2019s take an example outside of <a href=\"https:\/\/pokercoaching.com\/blog\/how-to-play-poker\/texas-holdem-rules\/\" title=\"\">Texas Hold&#8217;em<\/a> to illustrate this. Things like coin tosses or rolls of the dice can be considered neutral EV situations, as there is the same chance to flip each side or roll each number, and each outcome is typically worth the same.<\/p>\n\n\n\n<p>However, in the example of board games, you are often asked to roll a certain number or higher on a die, and this is where EV comes into play.<\/p>\n\n\n\n<p>By calculating the number of sides that work in your favor and taking into account the reward you get for rolling right, you can calculate the exact value of each roll.<\/p>\n\n\n\n<p>We will go into detailed EV calculations, which are quite simple, later in the text, but let\u2019s first put the expected value into the context of poker and explain how EV works in the game.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/Expected-Value-Catan-Board-Game-1024x768.jpg\" alt=\"Expected-Value-Catan-Board-Game\" class=\"wp-image-2526168\" style=\"width:550px;height:412px\" srcset=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/Expected-Value-Catan-Board-Game-1024x768.jpg 1024w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/Expected-Value-Catan-Board-Game-560x420.jpg 560w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/Expected-Value-Catan-Board-Game-768x576.jpg 768w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/Expected-Value-Catan-Board-Game-1536x1152.jpg 1536w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/Expected-Value-Catan-Board-Game-2048x1536.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Like poker, board games offer other unique examples of expected value.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How EV Works in Poker<\/h2>\n\n\n\n<p>While novice poker players often think about hands in terms of whether or not their draw is going to hit, all pros care about the expected value of their decisions.<\/p>\n\n\n\n<p>In the long run, making decisions with positive EV (+EV) rather than negative EV (-EV) results in real profit.<\/p>\n\n\n\n<p>A +EV decision yields a positive theoretical chip balance when all factors are considered.<\/p>\n\n\n\n<p>A very simple example of a +EV decision in poker would be holding 9-9 on a board of 9\u26607\u26603\u2663 in a cash game, and your opponent going all-in. No matter what they have, and no matter how many chips are already in the pot, you will be the favorite to win this hand, and your call will be +EV.<\/p>\n\n\n\n<p>It becomes a lot more complicated when, on the same board, you have a hand like 10-9, and your opponent plays it equally as aggressively, as now there are hands that beat you, as well as the many possible draws.&nbsp;<\/p>\n\n\n\n<p>The current size of the pot and the value of the chips you still need to put into the pot all come into play as well, as the net chip result is all that matters, at least in <a href=\"https:\/\/pokercoaching.com\/blog\/cash-game-strategy-pocket-kings-in-a-post-flop-pickle\/\" target=\"_blank\" rel=\"noopener\" title=\"\">cash games<\/a>.&nbsp;&nbsp;<\/p>\n\n\n\n<p>In tournament poker, on the other hand, many players will try to avoid slightly +EV situations in order to try and wait for a better situation instead of risking their tournament life on a virtual coin flip.<\/p>\n\n\n\n<p>When I review student hands, the single most common pattern I see is evaluating decisions by outcome rather than by process. A player makes a river bluff catch, the opponent shows a bluff, and the player thinks they played well. A different player makes the same call in the same spot, the opponent shows the nuts, and the player thinks they made a mistake. <\/p>\n\n\n\n<p>Both conclusions can be wrong. The decision was +EV or it was not before the cards were turned over. The result of one hand changed nothing about whether the call was correct.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/Prize-SHRB-2021-4-1024x576.jpg\" alt=\"How EV Works In Poker\" class=\"wp-image-2525390\" style=\"width:661px;height:372px\" srcset=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/Prize-SHRB-2021-4-1024x576.jpg 1024w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/Prize-SHRB-2021-4-746x420.jpg 746w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/Prize-SHRB-2021-4-373x210.jpg 373w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/Prize-SHRB-2021-4-768x432.jpg 768w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/Prize-SHRB-2021-4-1536x864.jpg 1536w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/Prize-SHRB-2021-4-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Winning poker tournaments sometimes requires avoiding +EV situations.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Calculating EV in Poker<\/h2>\n\n\n\n<p>This brings us to the fun part: actually calculating our EV using a mathematical formula that always works the same way.<\/p>\n\n\n\n<p>To calculate the expected value, we first need a good idea of our equity in hand, and this is where things can get a little tricky.<\/p>\n\n\n\n<p>In certain situations, it can be difficult to tell whether our opponent is holding the nuts, bluffing, or semi-bluffing, and our equity against such hands can vary widely.<\/p>\n\n\n\n<p>For this reason, we must compare our current hand with the opponent\u2019s entire perceived <a href=\"https:\/\/pokercoaching.com\/blog\/ranges-in-poker\/\" target=\"_blank\" rel=\"noopener\" title=\"\">range of hands<\/a>.<\/p>\n\n\n\n<p>This can be a bit difficult to do in real-time, but with some experience and practice, you will learn to estimate your equity against an opponent\u2019s range quite precisely.<\/p>\n\n\n\n<p>Once you have an idea of your equity in hand, you will be able to use the following formula to determine your expected value:<\/p>\n\n\n\n<p>EV = (%W * $W) \u2013 (%L *$L)<\/p>\n\n\n\n<p>The formula itself is not what most players struggle with. Once you understand the inputs, the math is straightforward. What takes real practice is estimating those inputs accurately: your equity against an opponent&#8217;s range, and how much money will go in on future streets. <\/p>\n\n\n\n<p>Those estimates require genuine range-reading skill, and that skill comes from repetition, not from memorizing equations. I recommend running EV calculations on 20 to 30 recent hands you have played before expecting to do this quickly and accurately in real time at the table.<\/p>\n\n\n\n<p>In this formula, %W and %L stand for the percentage of times you will win or lose, while $W and $L stand for the number of chips you can win or lose.<\/p>\n\n\n\n<p>Note that the number of chips you can win is usually not the same as the number of chips you can lose, as there is usually some amount of chips in the pot before the current action.<\/p>\n\n\n\n<p>Let\u2019s take a look at an example of an actual hand and do some quick EV calculations.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"467\" src=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/09\/254fa188aa.jpg\" alt=\"poker ev calculations\" class=\"wp-image-2524701\" style=\"width:583px;height:389px\" srcset=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/09\/254fa188aa.jpg 700w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/09\/254fa188aa-630x420.jpg 630w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Especially when playing at the biggest stages,<\/em><\/strong><br><strong><em>you must be able to mentally calculate EV in poker hands.  <\/em><\/strong><strong><em>(Photo courtesy of PokerGO)<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">EV Calculation Example<\/h3>\n\n\n\n<p>Playing in a poker tournament, with blinds at 100\/200 and a 200 ante, you are sitting on the dealer button with 28,000 chips in your stack.<\/p>\n\n\n\n<p>You open the hand to 450 with Q<mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u2665<\/mark>J<mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u2665<\/mark>, the big blind re-raises to 1,800, you make the call, and you take it to the flop heads-up.<\/p>\n\n\n\n<p>With 3,700 in the pot, the big blind c-bets for 2,500 on the flop of A<mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u2665<\/mark>K<mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u2666<\/mark>7<mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u2665<\/mark>, and it is time to do some calculations.<\/p>\n\n\n\n<p>The first thing we need to figure out is how much <a href=\"https:\/\/pokercoaching.com\/blog\/fold-equity\/\" target=\"_blank\" rel=\"noopener\" title=\"\">equity<\/a> we have against our opponent\u2019s range.<\/p>\n\n\n\n<p>Since this board significantly favors his range over ours, we can assume that we will bet almost all of his hands that he chose to 3-bet with.&nbsp;&nbsp;<\/p>\n\n\n\n<p>This certainly contains all the big hands, like A-A, K-K, and A-K, and some bluffs, like suited connectors.<\/p>\n\n\n\n<p>A quick look at the odds calculator shows that against a hand like A-A or K-K, we have about 33% equity; against A-K, about 40%; and against A-Q, about 45%. So even when he has the best hands, we can still hit a flush or a gutshot and win.<\/p>\n\n\n\n<p>It is also worth noting that there will be hands in our opponent\u2019s range that have completely missed this board, and we are an even bigger favorite against them.<\/p>\n\n\n\n<p>Let\u2019s assume the 3-bet range of around 10%, including these holdings&#8230;<\/p>\n\n\n\n<p>9-9+,A-Ts+,K-Qs,9-7s+,8-6s+,75-s+,6-5s,5-4s,A-Jo+,K-Qo<\/p>\n\n\n\n<p>If he c-bets most of the hands, we have around 55% equity, so we will clearly have a positive EV.&nbsp;<\/p>\n\n\n\n<p>For the sake of the argument, let\u2019s assume he is a very tight player and will c-bet very few bluffs and mostly make hands like top-pair or better. Against that range, we would have around 42% equity.<\/p>\n\n\n\n<p>Now, let\u2019s do some calculations with the numbers we have:<\/p>\n\n\n\n<p>EV = (42% * 6,200) \u2013 (58% * 2,500)<\/p>\n\n\n\n<p>EV = 2,604 \u2013 1,450<\/p>\n\n\n\n<p>EV = 1,154<\/p>\n\n\n\n<p>The formula clearly tells us that we will win 1,154 chips by simply making this call, even without ever <a href=\"https:\/\/pokercoaching.com\/blog\/the-best-way-to-bluff-in-poker\/\" target=\"_blank\" rel=\"noopener\" title=\"\">bluffing<\/a> with our strong draw.<\/p>\n\n\n\n<p>In fact, this call would be profitable even with significantly less equity, as we would still be making some chips if we had 35% equity or less.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Common Mistakes When Calculating EV in Poker<\/h2>\n\n\n\n<p>Even players who understand the formula regularly misapply it. In my experience coaching students&#8217; hands, these three errors come up most often.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ignoring implied odds on earlier streets<\/strong><\/h3>\n\n\n\n<p>The formula works precisely when the current bet is the last money going in. On earlier streets, it only gives you part of the picture. If you are calling a flop bet with a flush draw, your actual EV includes the chips you stand to win on the turn and river when you complete the draw. <\/p>\n\n\n\n<p>Leaving this out makes draw calls look worse than they really are. The reverse is also true: if your draw completes into the second-best flush, you may end up winning a small pot and losing a large one. Before calling on an early street, always ask yourself how the hand is likely to play out when you hit or miss. That full picture is what your EV actually reflects.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Getting the reference point wrong for $W and $L<\/strong><\/h3>\n\n\n\n<p>Money already in the pot no longer belongs to you. When calculating $W (what you win if you call and win), you count the full pot, including all money that has been bet, because all of it is available to win. But $L (what you lose if you call and lose) is only the amount of the current call, not your total investment in the hand. <\/p>\n\n\n\n<p>A common error is using your total chips contributed to the pot as $L instead of just the call amount. This consistently inflates your apparent loss and makes marginal calls look worse than they are, particularly in situations where there is a large pot relative to the bet size.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Applying chip EV to tournament decisions<\/strong><\/h3>\n\n\n\n<p>The standard formula calculates chip expected value. In cash games, chips equal money directly, so this works. In tournaments, a chip gained is worth less than a chip lost because of how payouts are structured. This is what <a href=\"https:\/\/pokercoaching.com\/blog\/poker-icm\/\" title=\"\">ICM<\/a> quantifies. A shove that is slightly profitable in chip terms can be significantly -EV in real dollars when you are near a bubble or a pay jump. <\/p>\n\n\n\n<p>If you play tournaments and apply the standard formula without adjusting for ICM, you are consistently overvaluing aggressive plays in precisely the spots where patient decisions would be most profitable. Learn the basic ICM framework before applying chip EV to tournament spots near the money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bluffing for +EV and Other Considerations<\/h2>\n\n\n\n<p>One thing I want to clarify before we get into bluffing EV: the correct play is not simply the one with the highest EV on its own. It is the one with the highest EV relative to all your other options. A call may be +EV. <\/p>\n\n\n\n<p>A raise in the same spot may be even more +EV. The call is correct if no other option beats it, but you have to check the alternatives first. This is why I always recommend calculating the EV of at least two lines before making your decision in any borderline spot.<\/p>\n\n\n\n<p>It is worth noting that expected value is not only used to calculate the value of your calls but also your bets and raises. In many situations in poker, you will be faced with a decision between calling with your hand or making a raise, whether for value or as a bluff.<\/p>\n\n\n\n<p>In such situations, it is important to first figure out the EV of making a call. If it is negative or not positive enough, you may be able to increase it by raising it instead.<\/p>\n\n\n\n<p>A raise with a drawing hand in some spots may result in your opponent folding a lot of their hands, significantly increasing the amount of chips you make every time you continue with the hand.<\/p>\n\n\n\n<p>Since your goal in poker is always to maximize your chips won, make sure to consider all your options and assess how each will affect your equity and EV.<\/p>\n\n\n\n<p>Furthermore, other factors, such as&nbsp;<a href=\"https:\/\/pokercoaching.com\/blog\/implied-odds\/\" target=\"_blank\">implied odds<\/a>, must be considered when deciding on early street calls or raises.<\/p>\n\n\n\n<p>For example, how much more value will you be able to extract if your draw gets there? Conversely, is there a high probability of your opponent having a stronger draw that will end up costing you greatly when you hit it?<\/p>\n\n\n\n<p>You should consider all of these considerations when calculating the EV of your decisions, and you should remember to calculate for all of them before making up your mind.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/DSC04003-1024x576.jpg\" alt=\"Bluffing for EV \" class=\"wp-image-2525342\" style=\"width:654px;height:368px\" srcset=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/DSC04003-1024x576.jpg 1024w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/DSC04003-746x420.jpg 746w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/DSC04003-373x210.jpg 373w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/DSC04003-768x432.jpg 768w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/DSC04003-1536x864.jpg 1536w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/10\/DSC04003-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>When attempting bluffs, you must mind your <\/em><\/strong><br><strong><em>body language and not give away any tells.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Realizing Your EV: How the Long Run Works<\/h2>\n\n\n\n<p>The hardest thing for most students to accept about EV is not the math. It is the timeline. You can make correct +EV decisions for weeks and still be losing. The math is working, but the sample size is not large enough yet to show it. <\/p>\n\n\n\n<p>I have seen players with genuinely strong technical fundamentals abandon their strategy during a bad run because the variance felt like evidence that something was wrong with their game. It was not. Variance is not feedback. Results over a small sample are not representative. The only meaningful feedback is whether each individual decision was correct at the time it was made.<\/p>\n\n\n\n<p>As you saw in the earlier example, our decision to call the flop was profitable from a mathematical perspective, but in some cases it will cost us chips, namely when our draws don\u2019t hit.<\/p>\n\n\n\n<p>Of course, this will be negated by the times we do get there, and once we have played the same or similar situation many times, the <a href=\"https:\/\/pokercoaching.com\/blog\/volume-cures-variance-are-you-playing-enough-poker\/\" target=\"_blank\" rel=\"noopener\" title=\"\">variance<\/a> will break in our favor.<\/p>\n\n\n\n<p>However, it is important to understand that the long run in poker can take quite a while to realize, and there may be times when it seems like our +EV decisions are not working out.<\/p>\n\n\n\n<p>This is NOT the time to go the other route and take the \u2013EV route, as this is a sure way to make your results even worse both in the short and long term. Keep making +EV decisions and wait for the variance to even out.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"592\" src=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/05\/graph-1.png\" alt=\"Despite being profitable in the aggregate, individual events may not guarantee positive outcomes, as exemplified in the mentioned flop call scenario. Instances where draws don't materialize may result in short-term losses, counterbalanced by successful outcomes over numerous repetitions. The long run in poker requires patience, as variance may initially appear unfavorable, challenging the efficacy of +EV decisions. However, deviating to -EV choices is cautioned against, as it exacerbates negative results in both short and long terms. Emphasizing the need for persistence, the key is to consistently make +EV decisions and patiently wait for variance to even out for sustained success.\" class=\"wp-image-2516837\" style=\"width:653px;height:388px\" srcset=\"https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/05\/graph-1.png 1000w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/05\/graph-1-709x420.png 709w, https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/05\/graph-1-768x455.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong><em>Understanding EV in poker is critical to long-term profit.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Final Words on Expected Value<\/h2>\n\n\n\n<p>Poker is a game of numbers, and it\u2019s all about the long run and what you expect to win after making a certain play.<\/p>\n\n\n\n<p>While you can\u2019t control what card will roll off next, you can certainly control the situations in which you choose to put your chips on the line or fold your cards.<\/p>\n\n\n\n<p>If you can train your mind to think in terms of expected value and always make the correct +EV plays you are able to, you will see this reflected in your final numbers without a doubt.<\/p>\n\n\n\n<p>Next time you are facing a bet, stop for a second to calculate the EV of your potential plays and only act once you have completed such calculations. Your <a href=\"https:\/\/pokercoaching.com\/blog\/the-bankroll-bible\/\" target=\"_blank\" rel=\"noopener\" title=\"\">poker bankroll<\/a> will thank you!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Poker EV FAQ<\/h2>\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-45b372fb uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-false uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height     \" data-faqtoggle=\"true\" role=\"tablist\"><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-8ad8e2cc \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<h3 class=\"uagb-question\"><strong>What is EV in poker?<\/strong><\/h3><\/div><div class=\"uagb-faq-content\"><p>EV in poker stands for expected value. EV is a basic poker concept that evaluates how profitable a bet, call, or raise is in a given situation. By consistently making plays with positive EV, you will win money over the long run. On the other hand, if you consistently make negative EV decisions, you will lose money in the long run, regardless of any other factors.<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-a93faaf7 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<h3 class=\"uagb-question\"><strong>How do I calculate EV in poker?<\/strong><\/h3><\/div><div class=\"uagb-faq-content\"><p>In order to calculate EV in a poker hand, you will first need to determine what equity your hand has against your opponent\u2019s range, and this will include a bit of guesswork. Once you figure out your opponent\u2019s range and calculate the equity, you can use this formula to quickly calculate your EV: EV = (%W * $W) \u2013 (%L * $L).<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-532dd141 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<h3 class=\"uagb-question\"><strong>What do +EV and \u2013EV mean?<\/strong><\/h3><\/div><div class=\"uagb-faq-content\"><p>The terms +EV and \u2013EV stand for positive expected value and negative expected value, respectively. In poker content, these abbreviations are used to mark plays that have a positive or a negative expected value over the long run.<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-bec641fd \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<h3 class=\"uagb-question\"><strong>Can I calculate EV while playing?<\/strong><\/h3><\/div><div class=\"uagb-faq-content\"><p>It is extremely hard to make the full EV calculation on the spot while playing the game. You would need to figure out your opponent\u2019s whole range, calculate your hand\u2019s equity against that range, and then run the EV calculation. This is why the formula is best suited for studying away from the tables, which allows you to make more educated plays the next time you sit down at the table.<\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-c2f6fa0c \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<h3 class=\"uagb-question\">When do you over- and under-realize your EV in poker?<\/h3><\/div><div class=\"uagb-faq-content\"><p>In most cases, you will over-realize your EV when playing in position and under-realize when playing out of position. For example, if you make a flop call in position, you may be able to make more money in the long run than the pure EV of that call by playing the later streets well. When playing out of position, you may be forced to fold your cards on the turn or not get value on the river due to having to act first, decreasing the value of your hand.<\/p><\/div><\/div><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EV in poker, or expected value, is the average profit or loss of any decision over the long run. A call with positive EV makes money over thousands of repetitions even when it loses in [&hellip;]<\/p>\n","protected":false},"author":160,"featured_media":2526208,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[44,877,16,41],"tags":[],"class_list":["post-2526115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cash-games","category-poker-basics","category-poker-strategy","category-tournaments"],"acf":{"peak_live_date":null},"aioseo_notices":[],"uagb_featured_image_src":{"full":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker.png",1280,720,false],"thumbnail":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker-373x210.png",373,210,true],"medium":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker-746x420.png",746,420,true],"medium_large":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker-768x432.png",768,432,true],"large":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker-1024x576.png",1024,576,true],"1536x1536":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker.png",1280,720,false],"2048x2048":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker.png",1280,720,false],"author_image":["https:\/\/pokercoaching.com\/blog\/wp-content\/uploads\/2023\/12\/PC-Blog_EV-In-Poker-100x100.png",100,100,true]},"uagb_author_info":{"display_name":"Jonathan Little","author_link":"https:\/\/pokercoaching.com\/blog\/author\/jonathan_little\/"},"uagb_comment_info":25,"uagb_excerpt":"EV in poker, or expected value, is the average profit or loss of any decision over the long run. A call with positive EV makes money over thousands of repetitions even when it loses in [&hellip;]","_links":{"self":[{"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/posts\/2526115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/users\/160"}],"replies":[{"embeddable":true,"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/comments?post=2526115"}],"version-history":[{"count":5,"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/posts\/2526115\/revisions"}],"predecessor-version":[{"id":2547430,"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/posts\/2526115\/revisions\/2547430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/media\/2526208"}],"wp:attachment":[{"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/media?parent=2526115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/categories?post=2526115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pokercoaching.com\/blog\/wp-json\/wp\/v2\/tags?post=2526115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}