Overlay as it relates to poker has a couple of meanings. If a tournament has a guaranteed prize pool, the tournament does not profit the required number of participants to complete or go on severity of that pool, yet the tournament yet happens (behind the host taking a loss), that auxiliary maintenance promised by the guarantee in the pool is considered the overlay.
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Overlay moreover means the auxiliary child maintenance swell occurring the pot usually from a artiste whom you don’t expect to be supple to continue in the hand. Let’s go into detail the concept of overlay gone choice example.
Let’s say you’as regards playing in an online tournament where you commencement as soon as 3000 chips. A artist opens to 800 preflop and another artiste moves all in for 3000. You have a stack of 3000 chips and wake taking place to AsKd. Let’s take the all in artiste wouldn’t p.s. AQ or AJ because the indigenous raiser was in fairly assistance on outlook. It’s moreover less likely the all in artiste has AA or KK due to the fact that you’about holding one of each of those cards. That means the maybe scenario is he’s holding 77-QQ, starting hands you’a propos a tiny out cold 50 percent to win hostile to. Lots of players might fold AK to an all in bet in the by now they put their opponent coarsely a pocket pair because they know they are mathematically astern. However – there’s overlay. For the sake of this doing we will aerate the initial raiser won’t call unless he has pocket Aces or Kings forward he’ll be facing TWO the complete in bets by the time the court lawsuit gets put happening to to him. So if we have the funds for he is folding, you will acquire to appear in your 3000 chips for the 3000 (the complete portion of portion of-in artist) PLUS the 800 (initial raiser) + the blinds and antes if applicable. The 800 chips left in the pot if the initial raiser folds in addition to the blinds and antes would be the overlay. This auxiliary value in the pot would be what could make it mathematically right to go every one in even knowing you are a outrage underdog to the the complete in artiste.
Let’s interpret we put our every in foe squarely about pocket Queens. AK off accomplishment is going to be nearly 44 percent to win adjoining pocket Queens all in preflop. This means if you went all in for 3000 for a inadvertent to win 4100 {3000(QQ’s chip stack) + 800(initial raiser’s child support) + 100(small blind) + 200(serious blind)}, you would win the pot 44 percent of the times and lose it more or less 56 percent of the era. If you multiply the quantity pot of 7100 by 44% (our unintentional of winning), it yields an estimated chip reward of 3124. This is obviously on zenith of what you would be left in addition to had you conveniently folded subsequent to nothing invested. Is it worth risking your tournament for a 124 chip profit? That’s an intensely oscillate declare but what you have studious today is how to calculate your overlay and that it can be right to go all in even considering you know you’approximately an underdog.
