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strategy

Equity

Your share of the pot in the long run, expressed as a percentage: how often your hand wins (or ties) against your opponent's hand or range if all the cards were dealt out. A flush draw on the flop has roughly 35% equity against a made hand.

Related terms

Full glossary

Frequently asked questions

What is equity in poker?

Your average share of the pot — the percentage of the time your hand will win if the hand goes to showdown from the current point. A hand with 40 per cent equity in a pot of 100 is worth an expected 40.

What is the rule of four and two?

A table shortcut for estimating equity from outs. On the flop multiply your number of outs by four; on the turn multiply by two. Nine outs for a flush draw is therefore about 36 per cent on the flop and 18 per cent on the turn. It becomes less accurate above roughly twelve outs.

What is the difference between equity and fold equity?

Equity is your share of the pot at showdown. Fold equity is the extra value that comes from the chance an opponent folds — it only exists when you are the one betting. A semi-bluff combines both, which is why betting a draw can be correct when calling with it would not be.

How much equity do I need to call a bet?

Compare it to the price. A pot-sized bet requires about 33 per cent, a half-pot bet 25 per cent, and a bet of twice the pot 40 per cent. Money you might win on later streets — implied odds — can lower the requirement.