Fold equity refers to the probability that a player will fold versus a bet or raise. For example, if there’s a 33 percent chance your opponent will fold to a bet in a $100 pot, you have 33 percent fold equity (worth $33) in that pot.
Note: Some people use the term fold equity to mean this formula instead: [the chance our opponent will fold] * [opponent’s equity in the hand]. However, Upswing Poker does not think that’s a helpful or practical definition.
Learn all about the strategic value of fold equity here:
https://upswingpoker.com/fold-equity/
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