What does PokerStove calculate?
The values generated are all-in equity values. This is not the chance that a hand will win the pot. Rather it is the fraction of the pot that a hand will win on average over many repeated trials, including split pots. The equity for a hand is calculated by dividing the number of “pots” that the hand won by the number outcomes considered. Because two players can split a pot, a player can win fractional pots. Thus, it is possible for a hand to have non-zero equity despite the fact that it cannot win.
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