GlossaryStrategy

Multiway value bet

A value bet into two or more players, which needs a stronger hand than the same bet heads up.

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What it means
When two players can call, your hand has to beat both of them to win the pot, so the bar for betting for value goes up.
How it is calculated
The rule of thumb here bets for value only when your equity against one calling hand from each player at once, computed by the engine, is over 50%. Heads up, the same rule looks at a single calling range.
Worked example
On the river you beat 65% of one player's calling hands, a clear value bet heads up. Against a calling hand from each of two players you win only about 42% of the time, so you check.
Why it matters
Thin value heads up turns into a bet that only gets called by better when a second player is in. This is the multiway version of the value-bet rule and is a simplification, not solver output.

See also: Value bet, Multiway pot, Showdown value