medium · Poker Theory Foundations

In the Master Profit Equation, Profit = sum L_i - L_self - R, what does the term L_self represent?

  1. The amount of rake the house has extracted from your pots. (under this line) (under this line)
  2. The sum of all errors made by your opponents.
  3. The value you forfeit by playing sub-optimally compared to a perfect strategy.
  4. The total amount of money you have won at the table.

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