Implied odds
Implied odds are based on the ability to win in subsequent rounds of betting more money than there is now in the pot. More precisely, potential odds are the ratio of the total expected payoff to the value of the current bet.
After when you understand the simple pot odds, you will see that potential odds are not so difficult to understand either. The idea behind it is that quite often your current pot odds are too low to make a Call to your opponents bet, but you reasonably believe that your opponent will continue placing bets, and in the end you will get him. The Art of Poker in many ways is to properly estimate your potential odds and trying to get your opponents chips by wisely using your skill.
Here is the example. On the turn we have 9d 5s 2h and Qc you have Jd 10c and the open-ended straight draw.
Number of outs (2 cards * 4 suits) = 8.
Number of unknown cards (52 - 4 (on the table) - 2 (in your arms)) = 46.
You'll win in 8 cases, and lose in the 46-8 = 38 cases
Odds of winning (pot odds): 8 / 38 = 0.21 (21%).
The pot is $ 6.50 + $ 2.50 opponent’s bet. Total $9.
Based on the pot odds calculation theory the maximum size of your call should be no more than 9 * 0,21 = 1,89 $. Say you need to put $ 2.5 to match your opponents bet and see the river card, this is when "potential odds" come to play. You have to consider this: 2.5 / 0.21 = 11,90 i.e. pot size must be at least $11,9 or your call will have a negative expectation.
You need to evaluate whether your opponent will bet another $ 2.90 on the river or not. Your income from playing poker will depend on how good you are at these evaluations and calculations.
After when you understand the simple pot odds, you will see that potential odds are not so difficult to understand either. The idea behind it is that quite often your current pot odds are too low to make a Call to your opponents bet, but you reasonably believe that your opponent will continue placing bets, and in the end you will get him. The Art of Poker in many ways is to properly estimate your potential odds and trying to get your opponents chips by wisely using your skill.
Here is the example. On the turn we have 9d 5s 2h and Qc you have Jd 10c and the open-ended straight draw.
Number of outs (2 cards * 4 suits) = 8.
Number of unknown cards (52 - 4 (on the table) - 2 (in your arms)) = 46.
You'll win in 8 cases, and lose in the 46-8 = 38 cases
Odds of winning (pot odds): 8 / 38 = 0.21 (21%).
The pot is $ 6.50 + $ 2.50 opponent’s bet. Total $9.
Based on the pot odds calculation theory the maximum size of your call should be no more than 9 * 0,21 = 1,89 $. Say you need to put $ 2.5 to match your opponents bet and see the river card, this is when "potential odds" come to play. You have to consider this: 2.5 / 0.21 = 11,90 i.e. pot size must be at least $11,9 or your call will have a negative expectation.
You need to evaluate whether your opponent will bet another $ 2.90 on the river or not. Your income from playing poker will depend on how good you are at these evaluations and calculations.
