Help with MDF calculations

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Help with MDF calculations

Can someone tell me where I went wrong with my MDF calculations? They don’t seem to be right. I apologise if it’s obvious, I’m quite new to this. I used excel

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Sam Smith 7 years, 9 months ago

I understand the formula but don't understand how it's derived. It doesn't make intuitive sense to me

mitchr1598 7 years, 9 months ago

So this is calculated for the nuts/air vs bluff catcher game. It comes from the fact that in constant sum 2 player games (such as poker), at Nash Equilibrium neither player can unilaterally increase their EV. We know that when player betting holds air they will bluff sometimes and not bluff other times. Therefor if we are at Nash Equilibrium then the EV of both these lines must be the same. The EV of checking is 0 (as when you check back air you lose), therefore the EV of betting must also be 0.

EV of bluffing = (pot size)(1-calling frequency)-(bet size)(calling frequency)
0=P(1-C)-BC
0=P-PC-BC
PC+BC=P
(P+B)C=P
C=P/(P+B)=1-B/(P+B)

mitchr1598 7 years, 9 months ago

There are alternative ways of thinking about it when you’re playing though. You could also look at the odds they’re getting on their bet. When your opponent bets half pot, the pot it twice their bet so they’re getting 2:1 on a bluff. Hence you need to call 2 times for every time you fold.

mitchr1598 7 years, 9 months ago

And you could do a similar thing when your betting as well. If you bet half pot then your opponent is getting 3:1 so you need to bluff once for every 3 value bets

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