Rule of 4
A good way to calculate your Pot Equity is by the Rules of 4. Using the Rules of 4, you can quickly approximate what your odds are of winning a hand is. Rule of 4: If we have N outs and 2 cards left to see, the probablity we make our draw is 4N% If we have N outs, the probablity we make our draw on the next card is 2N% Click on example to see the answer
Pot Equity
Pot Equity - Hero's share of the pot based on how often their hand will be the best by the river(It is the probability that we will win). Click on example for explanation
Pot Odds - The ratio of the pot as it currently stands to Hero's investment to see the next card (When calling a bet to see the next card, we want to make sure it would be profitable).
Fold Equity
Fold Equity - The % of the time Hero wins the pot by getting everyone to fold. If everyone folds, you end up winning the blinds, which at the end of the day, is still a good profit if you can steal the blinds a lot. If we assume that each person has about an 88% chance of folding to calculate the chance that N players fold after you are (.88)^N. Example: If Hero raises from UG in hopes of everyone folding, it is (.88)^5 = 52.8%, but Hero raising from BU to get everyone to fold is (.88)^2 = 77.4%.
Required Fold Equity
Required Fold Equity is used to steal the blinds or bluff a weak hand.
Formula for RFE:
Sometimes even if our RFE is higher than our RFE, we may bet due to other factors like having a good hand or the other players aren't as skilled and don't notice you trying to steal the blinds.