In poker the theorem that talks about a multi-way pot and the expectations of the player was put forward by Andy Morton and his theorem is named Morton’s Theorem. In a game where a number of players are involved, the correct decision of the opponent helps in maximizing his expectations. The common application happens when one player holds a good hand and there are two players with a hand of cards that are draw. If one or both the opponents fold then the best hand player gains the pot. He makes more money even when the opponent takes a correct decision and the decision for a bet would be fatal and wrong.
This scenario shows that the correct decision also helps the opponent to make more money – depending on the hand of cards that you have. Morton’s Theorem is an example of a situation and shows us that the situation like the above can be a collusion of facts and is called implicit collusion. There are other theorems that show us that the player wants the opponent to take decision based on the information that can minimize their own expectation. The difference here is mainly because of more than one opponent in Morton’s logic, whereas others speak about one opponent only.
Morton’s Theorem is a gem of idea when you consider that it is for a multi-pot situation. The idea was posted in a newsgroup by Morton, who lived inLos Angelesand played a lot of poker himself. He had debates with friends and posted his idea which was as good as a war against the fundamental theorem. The idea was elevated by the newsgroup and was discussed further by higher level of players and theorists. People who played and applied the theory observed significant gains. This way Morton’s Theorem became popular and widely accepted. Many people said that it is “interesting and unexpectedly thoughtful”.
The first instance showed Morton that most of the players did not understand and hence they complained about the drawing of the hands of a few against a good hand of cards. Morton’s Theorem explains about the increased variance of the loose and multiplayer games. There has to be lot of callers there. The more callers and a lot of raises make the situation complicated and this creates a large pot. The early submission of two hands definitely creates the division of pot also a big attraction for the winner.
Morton’s Theorem thus proves to be good for the players who are individual callers and help individuals to make fewer mistakes. The decisions will be good for the players and the game will become popular with this theorem. A big pot will be chased by callers and this is called schooling by Morton when he summed up that a fish called often needs a name. The tight players who enter a game with a large pot must have the best part of the winning amount. They must win big against draws with a second pair or a kicker at random.