The Central Information-Management Principles
Accurately estimating your EV is often difficult, and it’s occasionally impossible. You usually can’t calculate the exact probabilities and potential gains and losses because you don’t know the other players’ cards, nor do you know what they’ll do onlinecasinoluxembourg.com/testberichte/jackpotcity/.
Risk management depends on information management because:
· The less information you have, the higher your risks and the lower your rewards.
· The more information your opponents have, the higher your risks and the lower your rewards.
For example, since you don’t know your opponents’ cards, you can’t know whether your hand is better, equal, or worse than theirs. You may not know whether the cards you hope to catch will let you win the pot. And you can rarely be sure of what your opponents will do. Without knowing their cards and thoughts, you can’t be sure of your EV. (Slansky puts this all in bold type.)