Code for positive expected value decisions Aidan Wilson · Follow Published in Analytics Vidhya · 5 min read · Apr 🗝 3, 2024 -- Share
Pot odds, simply put, are the relationships between the total pot size and the bet that you 🗝 must call to see the next card. Pot odds explain the amount of money you will win for every dollar 🗝 you put into it yourself.
Your hand’s equity is the chance of improving your hand, or winning with your hand, sometimes 🗝 called “winning odds”.
If your hand’s equity, or chance of improving to a winning hand, is greater than the pot odds, 🗝 it is a profitable decision to call the bet in the long-term.
We can use Python to do this by creating 🗝 a function that takes the pot size and the amount we must pay to…
