hard · Poker Theory Fundamentals

Game: No-Limit Hold'em | Format: Cash Game | Blinds/Antes: 1/2, no ante | Effective Stacks: 100 bb | Scenario: You hold A♠ 5♠ on a K♥ 7diamond 3club 2♠ board. If you are calculating the EV of a semi-bluff raise, which of the following best describes the 'called branch' value?

1. It is the expected value of your equity in the final pot minus your additional investment.
2. It is always positive because the nut flush draw has high raw equity.
3. It is exactly zero because semi-bluffs rely entirely on fold equity.
4. It is the probability of the opponent folding multiplied by the current pot. (under this line)

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