HI!

I was reviewing this excellent post by Robert Johnson:

http://www.runitonce.com/chatter/gto-simplified/

And there is one thing I don't quite understand.

Let's say we bet the pot (1P) on the river with a perfectly polarized range. So, for our bluffs to be at least even, we need to get at least of 50% folds. On the other hand our opponent needs to win 33% of the time he calls.

How do these two numbers relate?

Does it mean, in equilibrium, I will lose money with my bluffs because I will never reach the 50% folds (I will get 33% folds)? I'm confused!

I would really like to understand that and maybe its implications to the game, please someone clarify this, thank you very much