A tool used to determine the profitability of a given action in poker, this application typically requires inputting specific game parameters like bet sizes, pot odds, and the probability of winning or losing the hand. For instance, if a player faces a $10 bet into a $20 pot, and estimates a 40% chance of winning, the application can calculate the expected value of calling or folding.
Employing such a tool is vital for improving decision-making and overall long-term profitability in poker. By providing a mathematically sound framework for evaluating decisions, it removes reliance on guesswork and intuition, leading to more optimal play. This approach to the game emerged alongside the growth of online poker and readily available computing power, enabling players to analyze complex situations quickly and efficiently.