|
This applies to most if not all forms of poker, not just hold'em.
Decide your approximate equity in the spot, and if you have the odds to call, you do so. For example, if you estimate that if you call a river bet on some hand that you'll be winning 25% of the time, you should call if you're getting 4:1 pot odds. With 4:1 pot odds, you only need to win 20% of the time to break even, so you'll turn a profit if your approximation is correct.
The idea behind the line "If you average a big profit by calling, you aren't calling enough" is that if you're making a lot of money on each individual river call, then you need to start calling down in spots where you approximate you have a smaller, but profitable, edge.
Consider this idea: someone who never calls a river bet without the nuts. On average, they'll win a lot of money on each individual call down, but they won't make much money overall since they're not calling down very much. Now consider someone who calls down every single time they have an edge. They might not win as much on each individual call, but overall they'll win more money on river calls because they're getting more value.
Hope this helps.
|