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 Originally Posted by Massimo
Hmmm, is folding really 0EV? If you fold a +EV situation, you are essentially "losing" money because you didn't take the money you could have won.
This is right. Folding is always 0eV because you never win any money, and at this point you never loose any money.
Betting may be +5eV (made hand vs calling station), calling +1eV (cuz the bet will be smaller) so:
Betting > calling > folding
If betting is -5eV (where only a worse hand calls), check/calling is +1eV (picking off abluff) then:
calling > folding > betting
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