GlossaryStrategy

Equity realization

How much of its equity a hand turns into EV: its EV as a share of its equity times the pot.

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What it means
Equity assumes both players check to the river. Real hands get bet off their equity, or win more than their share by betting. Realization compares what the solver says a hand is worth with what its raw equity would win.
How it is calculated
Realization = EV ÷ (equity × pot), where the pot is all the money in the middle, bets included, and the EV counts what the hand wins from here. Over 100% means the hand wins more than its share, under 100% less. Equity comes from the Rust engine against the opponent's range at the node, weighted by reach; EV comes from the solver.
Worked example
With 40% equity in a 10bb pot, a check-down would win 4bb. If the solver's EV for the hand is 3bb, it realizes 3 ÷ 4 = 75%.
Why it matters
Hands in position, with draws to the nuts or with good blockers tend to over-realize; weak, out of position or dominated hands under-realize. It explains why two hands with the same equity play so differently.

See also: Equity, EV, Reach