# Equity > Source: [Equity in the Smarter.Poker Glossary](https://smarter.poker/glossary/equity) ## Definition Equity Is Your Share Of The Pot Based On How Often Your Hand Would Win If All Remaining Cards Were Dealt With No Further Betting. A Hand With 40 Percent Equity In A 100 Chip Pot Owns 40 Chips Of It On Average. Equity Against A Whole Range, Rather Than One Hand, Is What Drives Sound Decisions. - **Category**: Math - **Term Code**: `equity` - **DefinedTermSet**: [Smarter.Poker Poker Glossary](https://smarter.poker/glossary) ## Related Poker Terms - [Pot Odds](https://smarter.poker/glossary/pot-odds) ([Markdown](https://smarter.poker/glossary/pot-odds.md)): Pot Odds Compare The Size Of A Call With The Pot You Could Win. Divide The Call By The Total Pot After You Call To Find The Equity You Need: Calling 50 Into A Pot That Will Be 150 Needs 33 Percent. If Your Equity Is Higher Than That Break Even Point, The Call Makes Money Over Time. - [Fold Equity](https://smarter.poker/glossary/fold-equity) ([Markdown](https://smarter.poker/glossary/fold-equity.md)): Fold Equity Is The Extra Value A Bet Or Raise Gains From The Chance That The Opponent Folds. It Equals How Often They Fold Multiplied By The Pot You Win When They Do. Fold Equity Is Why A Semi-Bluff Can Be Profitable When Calling Cannot, And Why Short Stacks Lose Much Of Their Bluffing Power. - [Outs](https://smarter.poker/glossary/outs) ([Markdown](https://smarter.poker/glossary/outs.md)): Outs Are The Unseen Cards That Improve Your Hand To The Likely Winner. A Flush Draw Has Nine Outs And An Open Ended Straight Draw Has Eight. A Quick Estimate Of Your Chance To Hit Is Outs Times Four On The Flop, With Two Cards To Come, Or Outs Times Two On The Turn With One Card Left. - [EV (Expected Value)](https://smarter.poker/glossary/expected-value) ([Markdown](https://smarter.poker/glossary/expected-value.md)): Expected Value, Or EV, Is The Average Result Of A Decision If It Could Be Repeated Many Times. Each Possible Outcome Is Multiplied By Its Probability And The Results Are Added Together. A Positive EV Play Earns Over Time Even When It Loses On A Given Hand, Which Is Why Good Players Judge Decisions By EV Rather Than Results. ## Related Strategy Lessons - [Pot Odds: How To Know If A Call Pays](https://smarter.poker/learn/pot-odds) ([Markdown](https://smarter.poker/learn/pot-odds.md)): Pot Odds Compare The Price Of A Call With What It Can Win: Facing A Half Pot Bet You Must Put In One Unit To Win Three, So A Call Needs 25% Equity To Break Even. - [Counting Outs And The Rule Of 2 And 4](https://smarter.poker/learn/counting-outs) ([Markdown](https://smarter.poker/learn/counting-outs.md)): An Out Is A Card That Improves Your Hand To The Likely Winner; From The Flop, 9 Outs Hit By The River 35% Of The Time, And The Rule Of 4 Estimates That As 36%. - [Expected Value (EV) In Poker](https://smarter.poker/learn/expected-value) ([Markdown](https://smarter.poker/learn/expected-value.md)): Expected Value Is The Average Result Of A Decision If You Could Repeat It Forever: Calling 50 To Win 150 With 30% Equity Is Worth 10 Chips A Time On Average, Even Though It Loses Most Of The Times You Make It. - [ICM Basics: Chips Are Not Money](https://smarter.poker/learn/icm-basics) ([Markdown](https://smarter.poker/learn/icm-basics.md)): The Independent Chip Model Converts Tournament Chips Into Shares Of The Prize Pool, And It Shows That Chips Are Not Worth Their Face Value: With Half The Chips In Play And Three Players Left, A 50/30/20 Payout Gives The Chip Leader 38.39% Of The Prize Pool, Not 50%. - [Bubble Play In Poker Tournaments](https://smarter.poker/learn/bubble-play) ([Markdown](https://smarter.poker/learn/bubble-play.md)): On The Bubble, Calling An All In Needs Much More Than 50% Equity Because Busting Costs Your Whole Prize Equity: In The Worked Example Below A Player With 3000 Chips Needs 72.9% Equity To Call The Chip Leader's Shove. - [Final Table ICM Strategy](https://smarter.poker/learn/final-table-icm) ([Markdown](https://smarter.poker/learn/final-table-icm.md)): At A Final Table Every Pay Jump Turns Chips Into Money Unevenly: In The Six Handed Example Below The Chip Leader Holds 40% Of The Chips But 24.45% Of The Prize Money Left, And The Shortest Stack Holds 4% Of The Chips And 10.99% Of The Money. - [Bounty And PKO Tournament Strategy](https://smarter.poker/learn/bounty-tournaments) ([Markdown](https://smarter.poker/learn/bounty-tournaments.md)): A Bounty Lowers The Equity You Need To Call An All In, Because Busting The Player Wins You The Bounty As Well As The Pot: Calling 20 Big Blinds Into 21.5 Needs 48.2% Equity Alone, And 38.8% If You Value The Bounty At 10 Big Blinds. - [Satellite Tournament Strategy](https://smarter.poker/learn/satellite-strategy) ([Markdown](https://smarter.poker/learn/satellite-strategy.md)): In A Satellite Every Seat Pays The Same, So Once You Have Enough Chips Extra Chips Are Worth Almost Nothing: In The Example Below The Chip Leader Already Has A 98.8% Chance Of A Seat And Would Need 78.6% Equity To Call An All In From The Third Stack. - [Results Oriented Thinking In Poker](https://smarter.poker/learn/results-oriented-thinking) ([Markdown](https://smarter.poker/learn/results-oriented-thinking.md)): Results Oriented Thinking Is Judging A Decision By How The Hand Turned Out Rather Than By Whether It Was Right, And It Teaches Bad Lessons: A Player Who Gets All In With 80% Equity Still Loses 20% Of The Time And Should Make That Play Every Time. ## Practice On Smarter.Poker - [Multiway Poker Odds Calculator](https://smarter.poker/tools/poker-odds-calculator): Free Hold'em And Omaha Hand Versus Hand Equity Calculator. - [Tournament ICM Calculator](https://smarter.poker/tools/icm-calculator): Free Malmuth-Harville Final Table And Bubble Equity Calculator. - [Equity And ICM Calculators Guide](https://smarter.poker/features/poker-equity-calculators): Feature Specification For Multiway Equity And ICM Calculators. - [GTO Training](https://smarter.poker/hub/training): Scenario Based Poker Training, Free To Play. ## Compliance & Fair Play There Is No Real-Money Gambling On Smarter.Poker: Club Chips Are Play Credits With No Cash Value, And Diamonds Are A Promotional Rewards Currency.