Definition
Break-even equity is the win-equity threshold where calling has exactly zero expected value, given the price you’re offered.
Break-even equity
The minimum equity you need for a call to be 0 EV.
Key points
- For a simple call with no future betting: BE ≈ call / (pot + call).
- Future costs increase the required equity; future winnings decrease it.
- It’s a decision threshold, not a description of your hand.
Common misconceptions
Myth
Break-even equity is the same as my equity.
Reality
It’s the required equity; your equity may be higher or lower.
Myth
Break-even equity ignores position.
Reality
Position changes future betting and realization.
Try it in Pocket Equity
Related terms
pot-odds · implied-odds · equity · spr