Let’s say Player 1 leads out with a bet of 9,000, into a pot of 7,500, and Player 2 folds. Player 1, with the pocket queens, is now at 55%, and Player 2 is at 9 percent. Your equity – the chance you will win the hand – has dropped to 36 percent. Let’s say the turn is a brick for all three players – a nothing card like the 3 of diamonds. In terms of equity, you gained 55% of the 6,000 chips that went in the pot, or 3,300 chips – almost twice what you bet. You only have a 10-high at this point and figure to be behind both players, but your potential to improve is so good that it makes sense to try a semi-bluff, so you put out a bet of 2,000, and both players call. Let’s say you are in position and both players check.
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