This article relates to the Blind Stealing Calculator located on Google Docs here. It takes the form of a spreadsheet and is free.
The calculator is for Fixed Limit Texas Holdem, and is designed to help players decide whether or not to making blind stealing attempts, when they are on the button and the action is folded to them.
Open the spreadsheet from here (a google account is required). Select the File Menu, then Download As Excel. Save the spreadsheet to your hard drive and open it in Excel. The spreadsheet might also work in Open Office, but I have not tried.
Enter the stats, for the players to your left, into the Player Stats table. Remember to consider statistical accuracy (see How Accurate Are Your Statistics for more information).
If the Total Expected Return (Pre Flop) is positive, then it should be +EV to attempt a steal from the button, and fold if it fails.
If the Total Expected Return (Flop) is positive, then it should be +EV to attempt a steal from the button, and continuation bet if it fails.
Note: See Definitions for further reading on the term +EV.
The calculator is based on a set of assumptions. Please take the time to read and understand them before using the calculator.
Players, especially losing ones, will modify their strategies over time. So their future behaviour will always be changing. Therefore, while we need a large sample size, the time window over which the sample occurs should not be too long.
Also, players will modify their behaviour depending on the competition.
For example, if a player notices that their opponents always fold, they
might decide to be more aggressive.
This calculator is based on a simple model and does not take into full account the complex human dynamics within a real Fixed Limit Poker game. Make sure that you understand the mode before you use it. The author accepts no responsibility for any gains or losses as a result of this tool.
"SB PF Fold to Steal" and "BB PF Fold to Steal" should refer to steals from the button. Most programs seem to include the cutoff position too.
The "Fold Flop to CB" values should only be for continuation bets by stealers. But I have not seen any stats program that explicitly use this.
The "Flop Stats" table calculates the Expected Return for all possible outcomes, excluding re-raises and flop bets. For more information, see http://en.wikipedia.org/wiki/Expected_return.