Fold equity formula. The fold equity overcomes this gap in hand value and turns an unprofitable shove into a profitable push. Fold equity formula

 
 The fold equity overcomes this gap in hand value and turns an unprofitable shove into a profitable pushFold equity formula  If the current market price of the stock is less than $62

Cost of equity = (45 / 150) + 0. Punch the numbers. That is 110 x 0,67 % = 74 combinations. Poker Stars, Buy-in (40/80 blinds, 10 ante) No Limit Hold'em Tournament, 9 Players Poker Tools Powered By Holdem Manager - The Ultimate Poker SoftEquity is the difference between an investor’s or business’s assets and liabilities. For you to gain fold equity you must bet or raise – an opponent cannot fold to no bet. This concept becomes less and less applicable the deeper you are in the game-tree (visualized below). Technically speaking, if you think your opponent will fold 20% of the time in. So, if Villian were bluffing, this bet would have to force a fold at least 33% of the time to make a profit––Hero has to call more often than that to prevent Villain from exploitatively over-bluffing. Yet the solver is over-folding, almost half it’s range! So let’s say you have a flush draw on the flop, you are against one opponent and the pot is $10 before the flop. g. (That is. Fold equity is a more elusory concept because we can’t truly know how often our opponent will fold. Your opponent might fold, or you could make the best hand. Subscribe to Updates Get the latest creative news from FooBar about art, design and business. If lose scenario doesn’t grant us any payout and ICM EV of lose is 0% it can be simplified to. The first thing you should monitor is simply how often they have folded in a. Equity Calculators and Software;. closely following other competitive domains like soccer, snooker, and Formula 1, enriching his insights and providing a comprehensive understanding of the gaming. Fold Equity is the probability or chance that we will force the opponent to fold with a bet or raise. Flop J99 two tone. If negative, the company's liabilities exceed. 67. 7% of the time instead of 50% (50% / 140% = 35. Most of the time you're going to win this pot without showdown. formula 1 api json; punishment for disrespecting parents in islam; rocksy light. It is equal to earnings before interest, tax, depreciation and amortization (EBITDA. Kinh nghiệm chơi Poker: Fold Equity . . Flop :8c :9h :Th ($240) Vs a SB range of 22-JJ, Aqo+, AJs, KQs we have about 35% equity on the flop. " 1) Calculate your current total equity in dollars. Accounting Equation: The equation that is the foundation of double entry accounting. MPS = Market Price per Share. We will lose $500 most of the time but will win $1,000 just often enough to make the call profitable. LEARN HOW TO USE THIS TOOL. Essentially, the more villain folds and we pick up the pot outright the better for us. Out of the actions that will win you money, some will win more money than others on. 34. Fold equity is the value of the pot based on persuading an opponent to fold. , to make it a function of how much a firm reinvests for future growth. Also gives you pot odds as well. While they may seem like profitable hands to push at any stack depth under 15bb, they are not. 8 * $100) + (0. The concept may be built directly into the return on equity formula, where the average is stated in the denominator, as follows: Net income ÷ ((Beginning shareholders' equity + ending shareholders' equity) ÷ 2) = Return on equity Take aapl's financial statements as an example:Fact checked by. As explained in the 2nd link (2nd hand example), I'm check-raised on the flop and want. Simply put: you bet or raise because you think it's +EV (expected value), not because you probably have the best hand, but because your opponent will fold often enough to make this move profitable. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. It is the equity a player can expect to gain due to the opponent folding to his or her bets. In this case, you should be continuation betting less as a bluff and more for value. Fold equity is one of the other important poker terms that may be a bit harder to calculate than direct pot odds. Yarilet Perez. Dafür stelle man obige Formel einfach nach f um, um die mindeste Fold-Equity für einen profitablen Push: f > ( ( e * ( p + 2 * s ) – s ) / ( e * p ( p + 2 * s ) – s – b – p ) Dies gibt die minimale Fold-Equity an, die man benötigt, damit ein (Semi)-Bluff profitabel wird. It measures how smartly a. - Sangat penting untuk diingat bahwa rumus ekuitas selisih minimum hanya menghasilkan perkiraan yang harus. Although the concept is pretty simple, it’s not that easy to know when to apply fold equity. If you find yourself in a situation where your opponent probably isn’t folding no matter what, you have no. Go to page: Go. 0. An important thing to mention here is that sometimes we can encounter a fold equity equation that follows the formula: [the probability of opponent folding] * [opponent’s equity in the hand]. Breakeven Fold Equity Chart; Fold Equity Formula; Extending the 2/4 Rule; Recent Comments. 19 = 5473. Total bluff = no (or very little) chance of winning the hand if called. If your opponent folds more than 33% of the time, you will have a positive EV as you will win the pot. That keeps the offense’s best playmaker in the fold but avoids a long-term investment in a player with an extensive injury history. You are dealt 6♣ 6♥, while Joe is dealt J♠ 10♦. For a more in-depth and complete strategy on fold equity, check out the 888poker article: How Poker Equity Can Make Your Game InvincibleWhen your opponent has a low fold to continuation bet, you have less fold equity. First, you need to figure out what the pot size would be if you called the bet. Hi, I just tried deriving a formula for how much fold equity we need for a bluff to be profitable: legend: FE: fold equity e: equity We assume t. 00, 1 fold, Hero raises to $5. Calculating the EV for the first outcome is easy: Villain Folds: $148 x 0. An important thing to mention here is that sometimes we can encounter a fold equity equation that follows the formula: [the probability of opponent folding] * [opponent’s equity in the hand]. 1 2. Aug 22, 2012 The difference is that rather than considering our pot-equity to obtain values of P (winning) and P (losing) we will consider our fold-equity. Now, let#x27;s calculate the fold equity. While there is a mathematical formula for fold equity when you are calculating precise. Your equity is about 88% of the pot, or $88. Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit (or possibly pot limit) tournament. 5. The result as for the formula is then fe_min = 0. Equity Value = Total Shares Outstanding * Current Share Price. The calculation of its total equity is: $750,000 Assets - $450,000 Liabilities = $300,000 Total equity. There are various ways to calculate or calculate the book value of equity for a company. It is the added equity you gain when you believe that there is a possibility of your opponent folding his hand. Economic Order Quantity - EOQ: Economic order quantity (EOQ) is an equation for inventory that determines the ideal order quantity a company should purchase for its inventory given a set cost of. Eureka we have found the answer, fold equity is -79%. Instead, the equivalent classification in the balance sheet of a nonprofit is called "net. An asset refers to a resource that has an economic value that a company expects to. 80. As an example, let’s suppose Player 1 had 75% equity (chance of winning the hand) on the turn, and Player 2 had 25% equity. g. 40, Hero raises $3. Equity refers to the share of the pot that belongs to a player if there were no more actions to be made and the rest of the cards are dealt. Fold Equity | What Is Fold Equity In Poker?. 25)] = 33 %. 55% plus 33% is. A fold equity calculator is a powerful tool that you can use to see how often your opponent must fold when you are shoving your stack. Therefore you want to have as much money in this pot as possible. 33. Online Poker has hit a real boom, and the new wave of poker players has brought with it a deeper understanding of poker strategy. So, if Villian were bluffing, this bet would have to force a fold at least 33% of the time to make a profit––Hero has to call more often than that to prevent Villain from exploitatively over-bluffing. An important thing to mention here is that sometimes we can encounter a fold equity equation that follows the formula: [the probability of opponent folding] * [opponent’s equity in the hand]. Typically you’d rather have worse hands call you. 2 * 50%) = 60% equity4. Kioutsoukof-tm-9IKHHQGv. weighted average cost of capital formula of Company A = 3/5 * 0. Double the outs: 8 * 2 = 16. Share Capital + Contributed Surplus + Cumulative Net Earnings – Cumulative Dividends. Average cost per unit = cost of goods sold / No. It can be rewritten as equity% > ICM EV of fold / ICM EV of win (3) Last formula is very simple to use and has practical value. The financial data necessary for the formula can be found on the company's balance. 9%. The primary reason to three-bet is for value. Middle stages of MTTs. 901 x -$5 = -$4. Folding when you have a chance of winning at showdown The greater your chance of winning, the more your hand suffers from folding its equity. Fold equity is an assessment of how often an opponent might fold. Now we can say that Company A has a lesser cost of capital (WACC) than Company B. In this article I will cover the basics of fold equity and how it makes semi-bluffs. The first half of the formula is based and estimated on the reads. Required fold equity; Combined fold probability; One of the factors that we can calculate is required fold equity (RFE). The general rule is: "An overcard on the turn or river increases fold. 7 Convert it into percentage - 5473. Ex: You isolated a MP limp on the button with T♦J♦. In poker, equity is the probability that you'll win a round. (pot $400) The first line of The EV calculator is the “expected profit” Should I plug in $400? that’s the pot $240 + cbet of$160 . As seen in the charts above, weak aces are losing pushes from UTG and middle position, even with 10bb stacks. This actually happened to be today. The aggressive action is to 4-bet, so you reraise to 25 times the big blind, as per the chart. Fold equity is a simple concept. Equity v pokeru vyjadřuje procentuální šanci na výhru s konkrétní handou v daném okamžiku (hand equity), když nebudeme brát v potaz jakoukoliv další akci. The formula for equity ratio can be derived by using the following steps: Step 1: Firstly, determine the total equity of the company. Simply put, you don't have to show your cards or have the best hand to win the pot. Let’s look at an example to get a better understanding of how the ratio works. With both historical and analyst estimates, growth is an exogenous variable that affects value but is divorced from the operating details of the firm. 8 million The owner's equity for Norman's business = $1. Terjemahan frasa HAVE FOLD EQUITY dari bahasa inggris ke bahasa indonesia dan contoh penggunaan "HAVE FOLD EQUITY" dalam kalimat dengan terjemahannya:. A ratio less than 1 implies that the assets are financed mainly through equity. PIK Interest = PIK Interest Rate (%) x Beginning of Period Balance of PIK Debt. Firstly, what is folding? Folding is the process of handing in your cards to. You give yourself 20 percent of $450 as your equity of the pot by drawing the winning hand. Often used interchangeably with the term “market capitalization,” or “market cap,” the equity value is calculated by multiplying the current stock price of a company by its total number of fully. The SlotsSpot team supports the people of Ukraine. Finding the percentage "card equity". Although the concept is pretty simple, it’s not that easy to know when to apply fold equity. May 1, 2019. It can be expressed as: Fold Equity = (Likelihood Opponent Folds) x (Gain in Equity if Opponent(s) Fold) Your equity is calculated by applying the percentage chance of winning to the amount in the pot — here 56% of $200, or $112 of equity. We purposefully use the word “outright” since there are plenty of times in poker where a single bet may be outright +EV or -EV, but in the context. Gordon Growth Model: The Gordon growth model is used to determine the intrinsic value of a stock based on a future series of dividends that grow at a constant rate. or just $240 (the pot)Let’s say Player 1 leads out with a bet of 9,000, into a pot of 7,500, and Player 2 folds. WACC formula of Company B = 5/6 * 0. M = Stack Size / (BB + SB + One Full Round of Antes) For example, you have a stack of 2000 chips. Any fold equity you gain from making bets can be added to your hand equity to create your total equity in the hand using this simple formula: Total Equity = Hand Equity + Fold Equity. You open 2. The. In this case, based on the ROI formula, the return on investment would be: Advantages of Return on. News, Views, and Gossip Poker Blogs & Goals Online. Fold Equity Formula Poker - Poker Whether it's Texas Hold'em or Stud, all styles of poker require players to have a good understanding of the hierarchy of hands, and when to bow out of the game. Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit (or possibly pot limit) tournament. 505 + $0. Equity on the Flop = 9 outs x 4. Allgemeinverständlicher gesagt: Fold Equity bedeutet, dass wir uns darüber Gedanken machen, wie groß. The fold equity equation is a simple calculation that involves two main components: the likelihood your opponent folds and the potential gain in equity if they do fold. Situations Where You Probably Have Fold Equity. Twenty percent of fans think it’s time to move on and spend. We can calculate the median’s position using the following formula: Median = (n + 1) / 2. Poker equity calculator - poker sequence - rummy Online. The expected growth in dividends is 5% or (. Advertisement. So if the value of fold equity is high, but you do not have a nut advantage. The formula may look familiar to you: Breakeven % = Risk / (Risk + Reward) This concept is particularly powerful when bluffing. Common Situations for Gaining Fold Equity. 5) = . To calculate the actual fold equity, you must first assign a range to your opponent. , common stock, additional paid-in capital, retained earnings. Fold the shirt in half again (you might need to. 45 × 1000 +0. PREFLOP > FLOP > TURN > RIVER. How much fold equity do I need? I can win at showdown 10% at best. The Fundamental Determinants of Growth. For example, if someone bets ½-pot, you’re getting 3:1 on a call, meaning you only need 25% equity to continue. If our opponent is folding 50% of the time P(winning) = 50% or 0. We calculate this a little differently than poker equity, factoring in the likelihood that the opponent will fold to a particular bet or raise. The tighter your image at the table, the more fold equity you will have. The fold equity equation is a simple calculation that involves two main components: the likelihood your opponent folds and the potential gain in equity if they do fold. Firstly, it’s an EV equation, not an equity equation. To summarise the previous section on ICM calculation, here is the step-by-step formula to use to calculate your tournament equity based on ICM considerations:. This concept becomes less and less applicable the deeper you are in the game-tree (visualized below). It is usually expressed as a percentage (e. The application of the minimum fold-equity formula leaves players making pretty big mistakes in their range construction OOP. Since the size and the length of investments can differ drastically, it is useful to measure it in a percentage form and compute for a standard length when comparing. If he folds more than 38% of the time, this bet is outright +EV. Tất tần tật về các thuật ngữ liên quan đến Equity. Net borrowings = Short Term Debt + Long Term Debt = 10 + 5 = $15 million. This is a major leak for newer players. Descubra a fórmula, exemplos passo a passo e perguntas frequentes para dominar os cálculos de fold equity. Generally, the split in profits among. Equity = Your chances of winning against his calling range Costs = Size of your reraise. Formula. You often hear recreational and amateur players talk about poker as if it was just another gambling game, and like everything in the game is down to luck. Equity denial is when you prevent a player from realizing his equity by forcing him to fold before showdown. Factor 1. The current share price for Company A is $7, and they have announced dividends of $0. A way to calculate the total assets is to subtract the value of treasury shares from a company's share capital and its retained earnings. In the case f = f c, the wealth after n trials will oscillate randomly between 0 and +∞. What Is Fold Equity In Poker: Fold equity in poker refers to the probability of opponents folding in response to bets or raises. Factor fold equity into your game but remember pot equity is the other driving force. Let’s say we face a 2/3rds pot cbet OOP on the flop. Depending on the return both of these companies make at the end of the period, we. To calculate equity value from enterprise value, subtract debt and debt equivalents, non-controlling interest and preferred stock, and add cash and. 2 * $0) = $80 +. Pentru a determina cât de mult fold equity ai, există câțiva factori pe care trebuie să îi iei mereu în considerare, înainte de a apela la un play. If we were to say that we expect to have “40% fold-equity”, it means that we expect our opponent to be folding 40% of the time when facing a bet. No amount of fold equity should justify you playing trash hands like 7-2 offsuit against three opponents! Regularly playing weak hands and constantly relying on fold equity alone might be fun, but isn't a formula for winning poker. 1 2. your showdown equity in the post-raise pot). Let's use the formula to calculate our EV! EV = (0. Some of these plays will win money, whereas others will lose you money. Using a simple formula we can measure a bluffs success rate required in order for it to be profitable: breakeven % = risk / (risk + reward). La fold equity es la “equity” que ganamos cuando un rival hace fold contra una apuesta nuestra. If you can get opposing players to fold often, you’ll start to increase your profits drastically. their river check/call range and their fold % facing a river bet) are the key drivers in just how +EV your bet is. Now, we can make a more precise, quantitative statement about our realization or R. Flop: 8♦ K♣ 2♦. We must check what is the 4th item in the dataset. I. principal amortization) associated with the. Fold Equity = Chance of your opponent folding x your hand equity. Once you have a long rectangle shape, fold the top of the shirt down toward the hem, leaving a little space on the bottom. Fold equity = (khả năng đối thủ sẽ fold) * (equity hand bài của đối thủ). The formula for risk-to-reward ratio as the bettor looks like this: Risk-to-Reward Ratio = [Bet Size / (Bet Size + Pot Size Before the Bet)] x 100 It is the equity a player can expect to gain due to the opponent folding to his or her bets. 1%) However, just because we can raise any 2 doesn't. For example, let’s say you have AK while seated in the Small Blind. It's not autoprofit for 2 reasons. Ví dụ, với kinh nghiệm của mình, bạn có thể cho rằng đối. Let Pot be the pot before hero makes a bet of Bet with equity Eq. As a result, BB needs to overfold significantly on this flop. , 12%). You are dealt 6♣ 6♥, while Joe is dealt J♠ 10♦. Net borrowings is the sum of short-term and long-term debt: Difference in Short Term Debt = 30 - 20 = 10. Equity may also be referred to as net worth or capital. 07 * 0. Book Value Formula. Before you go all-in with your next semi-bluff, or go all-in preflop with a bluff, use this tool to make. Folding a hand with one out on the river doesn’t cost you much, as you probably weren’t going to win anyway. Now that we know our fold equity, we can add that to our hand's equity and arrive at our total equity. Shareholder’s equity of company ABC Ltd= $168,000. Equity Formula Poker 7,7/10 3920 votes In poker, the Independent Chip Model (ICM) is a mathematical model used to calculate a player's overall equity in a tournament. An important thing to mention here is that sometimes we can encounter a fold equity equation that follows the formula: [the probability of opponent folding] * [opponent’s equity in the hand]. To calculate the paid-in-kind interest, the formula consists of the PIK rate being multiplied by the beginning balance of the applicable debt security or preferred equity. Fold Equity (FE) can be calculated using the following formula: FE =. Semi bluff = some chance of winning the hand if called. ($256 + $340 * 2 + $130) * 10% - $340. The current risk-free rate is 1. Otherwise, an alternative approach to calculate shareholders’ equity is to add up the following line items, which we’ll explain in more detail soon. Annualized Rate of Return. 85/382. It equates to: The first half of the formula can be estimated based on reads on opponents or their previous actions. This means Umberland's cost of equity is 35% of its current market value. So if you only know %W you can always figure out %L (and vice versa). For example, if you go all-in preflop with Pocket Aces and another player calls with Pocket Kings, there is. Click A10 in the. What this means is this: if villain folds less than 12% of the time we are making a -EV shove. 65 = 0. You can calculate the cost of equity using the formula described in the previous section. Their fold equity is then (80%) (70%) = 56%. If the pot size is one for example and your opponent bets one into one, then your pot odds are two to one. Furthermore, BB simply cannot realize their equity. read more. Firstly, it’s an EV equation, not an equity equation. g. " 1) Calculate your current total equity in dollars. Fold equity is an estimate of how often an opponent might fold. its true the equity value that needs to be used in the equation to determine the equilibrium folding percentage(or minimum FE percentage) is an estimate of the equity hero has vs. Trong đó, Equity (hay còn được gọi là vốn chủ sở hữu) là. Page 2 of 2. Before you bluff, you ask yourself, "Do I have fold equity? In other words, you ask yourself if your opponent will fold at a percentage that will justify your bluff. Go to page: Go. Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit or possibly pot limit tournament. For example, a pair of aces has over 80% pot equity vs a lower pocket pair if they go all in. As a result, BB needs to overfold significantly on this flop. Thus, a more realistic value for our EV is $1. Kioutsoukof-tm-lBHXOtAN. Click on the “Variable 2 Range” box and select the range B2: B7. 3 = 54. EV3 = (0. Let's consider the 3 rules of efficient. It is usually expressed as a percentage (e. It's quite apparent that using the above formula to determine whether or not you have the right odds to call can be a laborious process. As an example, let’s suppose Player 1 had. the opponents shove-calling range and not the equity hero has vs. Shareholders Equity = Total Assets – Total Liabilities. Fold Equity Formula X = Breakeven Folding Frequency P = Current Size of the Pot L = Maximum Loss W = Maximum Gain V = Villain's Equity H = Hero's Equity 0 = XP + (1 - X)(-LV + WH) 5 II Chapter 3: Combinatorics. The derived amount of total equity can be used by lenders to determine whether there is a sufficient amount of funds invested in a business to offset its debt. 00, SB raises to $25. What do you do? Equity dictates you fold, because now you are a 2 to 1 underdog to win the hand, and. Hi, I just tried deriving a formula for how much fold equity we need for a bluff to be profitable: legend: FE: fold equity e: equity We assume t. 21 = . 9. 05). Although the concept is pretty simple, it’s not that easy to know when to apply fold equity. FORMULA: Initial Pot Size / (Initial pot Size + New Bet Size) Bet Size as % of Pot. It is the equity a player can expect to gain due to the opponent folding to his or her bets. Fold Equity Formula Poker - Slot Apps for Real Money. No matter if your hand improves on the flop or not, fold equity gives you. 85 X=3. Bet: 50% + (0. formula for determining if you have fold equity (below). Here, shareholder’s equity is equal to a firm’s total assets minus its liabilities. For example, if there’s a 33 percent chance your opponent will fold to a bet in a $100 pot, you have 33% fold equity (worth $33) in that pot. In any given situation in poker, a check, call, bet, raise and fold will have certain expected values. If we use the same ratio shortcut from the pot odds section to get the right side equal to 1, the equity ratio is (64/36):1 or 1. We can even do very complex fold equity calculations with the same process: Let's say your question is: "The pot is $256, my bet is $340, 3 players, one of them only have $130 left. + Additional paid-in capital. Therefore, Adam realized a 35% return on his shares over the two-year period. Putting these values in the formula for the required fold equity, you get: Required fold equity = $1 / ($1 + $1. 85+12. Your equity ratio is then 64-36 (64 times you don't make your hand; 36 times you do). To find the percentage chance of making the straight on the next card we simply need to double the outs and add one. We show the formula for finding the required fold equity for +EV when hero bets and villain either calls or folds. Most of the time you're going to win this pot without showdown. The best poker rooms. Semi-bluffs. Equity Value = +302,080,060. 85 EV(fold)= 370 EV(total) = 370x-12. This means that you need to be bluffing one in three times in order to make your opponent indifferent to calling. For a 0% equity bluff to be profitable, for example, your fold equity must be higher than the risk-to-reward ratio of your bet. This is a classic coin-flip situation where your chance of winning the hand, at this point, is almost 50:50. Umberland's cost of equity is: Cost of equity = (Dividends per share / Current market value) + Growth rate of dividends. 50, the model indicates that the stock is undervalued. Breiman [] and Thorp [] demonstrate that the final wealth of the player W n exceed any fixed bound M when 0 < f < f c, but not for a finite number of trials. = 36%. chicken ranch casino menu, whatt slot machines are at the escanaba casino, fotos de poker graciosas, 888 poker convert points, jeux casino pyramide, casino. 495 = . It is based on the probability that a player will have the best hand after the cards are dealt. Formula for Equity Ratio . a = 25/ (25+75) a = 1/4. Using the dividend capitalization model, the cost of equity formula is: Cost of equity = (Annualized dividends per share / Current stock price) + Dividend growth rate. Stockholder’s Equity is a very vital tool for analyzing the Company. For example, suppose you’ve bet $100 into a pot of $100, giving your opponent 2:1 to call (your opponent has to call $100 to win $200). So the formula is like this: FOLD EQUITY Formula: EV = [EV(fold)] * x +[EV(call)] * (1-x) EV(call)=-12. The fold equity overcomes this gap in hand value and turns an unprofitable shove into a profitable push. 5 in the blinds we need 62. This ratio is crucial for bankers, investors, and economists to assess a company's financial health, lending risk, and ability to meet financial obligations. Flop :8c :9h :Th ($240) Vs a SB range of 22-JJ, Aqo+, AJs, KQs we have about 35% equity on the flop. The fold equity calculator is telling us that we need villain to fold at least 12% of the time. So that's only 33 chip ev per tournament. 7). When that happens your fold equity is gone and there is less value in three-betting light. Além disso, obtenha o código HTML pronto para usar para uma calculadora de fold equity com botões clicáveis. Situations Where You Probably Have Fold Equity. 62. As you can see, our edge here is very small, but we should still make this call. Discover the best slot machine games, types, jackpots, FREE games. 85(1-x) EV(total) = 370x-12. Fold Equity takes the “equity” concept a step further and refers to the amount of equity a player gains in the hand from betting or raising and making their opponent fold. For games with more than 2. Step 4: Click on the “Variable 1 Range” box and select the range A2:A8. (Chances of opponents folding) x (gain in equity if they do fold) First part I think means that your basing math formula on a estimated read of your opponent history or mood at the table.