hard · Poker Theory River

Game: NLHE | Format: Cash | Blinds/Antes: 1/2 | Effective Stacks: 200 | Hero Position: BTN | Pot Size: 40 Hero holds A♠ 5♠ on the river. The solver shows this hand bluffing 47% of the time. What does this frequency indicate about the hand's EV?

1. Betting is slightly more profitable, hence the nearly 50% frequency
2. The EV of betting is exactly equal to the EV of checking
3. Checking is the safer play to avoid variance
4. The frequency is a result of the solver not reaching full convergence

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