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In no-limit or pot-limit poker, a player's M-ratio (also called "M number", "M factor" [1] or just "M") is a measure of the health of a player's chip stack as a function of the cost to play each round. In simple terms, a player can sit passively in the game, making only compulsory bets, for M laps of
In poker, the Independent Chip Model (ICM), also known as the Malmuth–Harville method, [1] is a mathematical model that approximates a player's overall equity in an incomplete tournament. David Harville first developed the model in a 1973 paper on horse racing; [2] in 1987, Mason Malmuth independently rediscovered it for poker. [3]
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In some variants of poker a player uses the best five-card low hand selected from seven cards. In most variants of lowball, the ace is counted as the lowest card and straights and flushes don't count against a low hand, so the lowest hand is the five-high hand A-2-3-4-5 , also called a wheel .
Pot odds are only useful if a player has enough equity.Equity is the chance a player has to win the hand at showdown.It is calculated as the fraction of remaining cards in the deck for each remaining street (sequential card being dealt, e.g. turn, river) that can give a player the winning hand.
Poker hand converters allow players to take text-based online poker hand history files from online cardrooms and convert them into formats friendly to the eye and suitable for posting on online message boards. Hand converters are often used to show played hands to other players for analysis and discussion.
PokerStove is a program that calculates hand equities (i.e., expected percentage of the time that each hand wins at showdown). [3] Since poker is a game of incomplete information, the calculator is designed to evaluate the equity of ranges of hands that players can hold, instead of individual hands. [4]
Poker relative calculators tend to be displayed on poker tournaments and shows for an audience because they provide an accurate assessment of a player's winning chance. However, professional in game poker players do not use or think in terms of poker relative calculations because two or more poker hands at the same table are required.