medium · Poker Theory Foundations

According to the Fundamental Theorem of Poker, from where does all long-term profit in poker originate?

  1. Profit originates from winning more large pots while losing many small pots.
  2. Profit is a transfer funded by the information loss (errors) of your opponents.
  3. Profit is generated by correctly applying MDF in every pot you contest.
  4. Profit comes from holding stronger hands on average than your opponents.

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