Utility refers to the quality or state of usefulness or being useful. Expected utility is the mathematical description of preferences of people when betting as regards to any uncertain events like the game of poker and it accounts for the size of the payout, the probability of the occurrence, aversion to risk and different [...]
Texas Hold’em Limit is a game of small edges because players are limited by how much they can bet, and so inexperienced poker players are in some way protected when they make an all-in with a pair, when an opponent have top set. So the amount of lost money is not so big. In [...]
The river it is a very important round. If on the previous stages every player had the chance to improve his hand, on the river is the moment when a player either bets or bluffs. In this stage there is no need to kick someone out and there is no chance for semi- bluff.
The important [...]