The
Fundamental Theorem applies universally when a hand
has been reduced to a contest between you and a
single opponent. It nearly always applies to multi-way
pots as well, but there are rare exceptions, which
we will discuss at the end of this page.
What does the Fundamental Theorem mean? Realize
that if somehow your opponent knew your hand, there
would be a correct play for him to make. If, for
instance, in a draw online poker gamess your opponent
saw that you had a pat flush before the draw, his
correct play would be to throw away a pair of aces
when you bet. Calling would be a mistake, but it
is a special kind of mistake. We do not mean your
opponent played the hand badly by calling with a
pair of aces; we mean he played it differently from
the way he would play it if he could see your cards.
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