Pot odds are the odds equal the ratio of the pot size to the size of the bet youmust call. To determine the pot odds, simply take the amount of money thatis already in the pot and divide it by how much you need to put in to call. Understand the pot odds helps you to determine whether or not you shouldcall when you are on a draw. Let’s say you are in a game that six people seethe flop for $5; there is $30 in the pot. On the turn, there is another $15.The pot odds are $5: $15 or about 3 to 1.
Implied odds represent how much money you might be able to make if yousuccessfully hit a drawing hand. On the other words, implied odds are simplyfuture pot odds. If you are pretty sure that your opponent will bet anotheramount of money into the pot in the future, you should use the implied oddsbefore deciding whether to call a bet or not. Before you use the implied odds,make sure you have a good understanding of your opponent’s action. Will hebet out and then call a raise if the card you need hits? If you fail to read youropponent, it may cost you a lot especially in the no limit game. I will coverthe four different of players in the later chapter.
Call or Fold
Let’s say you are holding J♣T♣, and the flop brings a Q♥8♣2♥. There is $30in the pot, your opponent bets $10, and there are three callers when it gets toyou. Currently your pot odd is $70:$10, and you have a gutshot straight draw,any nine will make your hand. You are 11:1 against completing your handon the turn while getting only 7:1 on a call. From what we have learned, youshould only call your hand if you believe there is another $40 bet when theturn show. You must have good understanding of your opponent when youtry to use the implied odds. Therefore, if you are new to poker, don’t over usethat until you are comfortable with it.
Here are some examples, make sure you understand it all if you are new topoker.
There is $100 in the pot on the flop, and one of your opponent bet $500 to you. What is the pot odds?
The pot odds are $600:$500, or about 1.2 to 1
You are holding 5♣4♣, and the flop brings a A♠K♠2♣. You believe youropponent has AK.Both of you have $500 There was $20 in the pot, and your opponent bet $50.Do you call or fold your hand?
Your card odd is 11:1 to make your straight and your pot odd is only$130:$50, or about 3:1. You should fold your hand. However, your hand offers a 4:1 advantage whenimped out. Your opponent bet $50, and the pot has$100 before the turn, and your opponent bet another $50 after the turn. Your card odd is only$42:$50, and your pot odd is $180:$50, or about 13:1. Do you call or fold?
Your card odd is only$30:$50, and your pot odd is $180:$30, or about 13:1. However, your hand offers you a whopping 16:1 advantage!
The implied odds (the odds you get afterthe assumed play) are as follows:
implied odd1 = $80 + $50oll1 = $160 + $70oll2 = $320 + $60oll3 = $640 + $100
There are a few terms related to poker odds that you should learn. You should be able to specify the odds you get, the one you are lookingfor, or the pot odds. If you wish to specify your odds, you use the termoll = your number of outs, plus one. If you don’t want the default, you can use the number ofouts instead of the pot odd.
The termOuts is used to specify the number of cards, or outs, you need to hit in order to have a winning hand.
The termBonus Odds is used to describe the concept of adding 1 to your odds when receiving a lot of cards.
The termPoker Payout Odds is used to describe the concept of how much you will win for a particular hand.
The termOuts Dollars is used to pay out odds.