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	Only when the equity is really low.  With only 2 outs, or 4% per draw, the approximation holds pretty true.  When it gets close to or over 50%, then the approximation fails badly.
		
			
			
				
					  Originally Posted by seven-deuce   Like, AK vs QQ is close to 48% vs 52% equity, respectively, but if you try to use the approximation of 2% per out per draw, you'd come up with 6*2%*5 = 60% equity for AK, instead of 48%.
 
 
 
	Agreed, severely limited use pre.
		
			
			
				
					  Originally Posted by daviddem   Rule of 2 and 4 is good for the flop  and turn  you can't really extend it to preflop.
 
You need to refine the rule of 4 a bit when you have lots of outs . For more than 8 outs , mutliply by 4 and then subtract the number of outs  beyond 8. So if you have 12 outs otf , that's 4 outs  beyond 8 and you have about 
12*4 - 4 = 48 - 4 = 44% equity . 
 Just because I can't stress it enough: the rule of 4 only applies to all-in calls OTF.  Otherwise, you should use the rule of 2 OTF as well.
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