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i want to know what IVs are

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Individual Values

Individual Values, IVs for short (or Deter Values and DVs) are in simple words the "genes" of a Pokémon. An IV in the Advanced Generation have 32 possible values; 0 is the minimum IV a stat can have and 31 is the maximum. The IVs are generated randomly upon the encountering a Pokémon or the creation of an egg (not the hatch). A Pokémon's IVs are fixed and there is no way to modify them. IVs are Pokémon dependant and not species dependant. For example you can have a Pikachu with an Attack IV of 28, a Pikachu with an Attack IV of 5, a Bulbasaur with an Attack IV of 5 and so on. IVs are really important since they can make the difference between victory and loss in a battle. For example, a Pikachu at level 100 with an IV of 28, neutral nature and 253 Effort Points in Attack, will have an Attack of 206, whilst a Pikachu at level 100 with an IV of 5, neutral nature and 253 Effort Points in Attack will have an Attack of only 183. This means there's a difference of 23 points in Attack which can be critical. However, getting a Pokémon with an IV of 31 in one or more stats is extremely difficult. You have 1 chance in 32 to get a an IV of 31 in one stat, 1 in 1.024 to get a max IV in two stats and 1 chance in 1.073.741.824 to find a Pokémon with max IV in all 6 stats. Obviously, the best way to get a Pokémon with good IVs is making eggs, lots of eggs unless the Pokémon you want is genderless or a legendary; in that case your only option is to try and find the best.
Note: Calculating IVs in low levels may cause faulse results because the game hides the decimals from the Pokémon's stats by rounding them down.
Formula for calculating HP IV:
IV = (((HP - level - 10) * 100) / level) - EP/4 - (base stat * 2)
Formula for calculating stat IVs:
IV = (((stat / nature) - 5) * 100 / level) - EP/4 - (base stat * 2)
 
1 in 1.024 to get a max IV in two stats

Actually this is only true for two specified stats, e.g. a 31 IV in both Attack and Speed. When talking about a 31 IV in any two stats this chance is much higher because there are more combinations: HP and Att, Def and Speed, etc etc. Don't discourage the SRers right away ^^

Also, for calculating IVs I recommend just using this site, it's much easier and more precise than doing it by hand:
http://www.metalkid.info/Pokemon/Calculators/IV.aspx
 
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