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Poker Discussion
General Poker
A Few Pitfalls in Thought
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[QUOTE="SavagePenguin, post: 1464742, member: 22087"] No, you obviously do not get my point as it had nothing to do with changing the rules to pay out according to what equity they had in the hand. When decisions were made A/Ko had 58.84% equity in the pot and the results will *never* give him a percentage of the pot that matches his equity. He will either win a lot more or a lot less. Over time this averages a 58.84% win, but in the short term it is never equal to 58.84%. My point is: A/Ko will either win or lose substantially more than the equity it had in the pot. If the guy with A/Ko loses he feels angry/ripped-off/betrayed. When things go his way and A/Ko wins, the guy doesn't consider that he won 3,100 when he only had 1,830 in equity. To him, he was supposed to win because his hand was better. But in a sense he is sucking out because he is winning a lot more than his expected long-term return. Another way to put it: When your equity goes from 58.84% to 0% because you lose at showdown you feel like it is unfair. When your equity goes from 58.84% to 100% because you win at showdown you do not feel that it was unfair. [/QUOTE]
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