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Server Time: 9/7/2008 8:38:11 PM PACIFIC |
 Pot Odds, element94, 17. Jul 2003 12:11 | ||
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| What is the easiest way to learn about calculating pot odds? I'm an engineer so I know my math but haven't been playing poker long enough to learn this. Thanks! | ||
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| Re: Pot Odds, noiseboy, 17. Jul 2003 12:17 | ||
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| pot odds are pretty easy. Just compare what you have to call to the amount in the pot. If you have to call $10 into a $100 pot, the pot is laying you 10 to 1. It you will make your hand more than one time in ten, then you have an easy call. To figure out your odds of making a draw, just compare the number of cards that make your hand to the number that do not make it, including all unknown cards, even the ones in other players hands. If the pot is laying you better odds than the odds of making your hand, this is called "getting the right price. | ||
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| Re: Pot Odds, Paul Stine, 17. Jul 2003 12:31 | ||
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| on 17. Jul 2003 12:11 element94 wrote: > What is the easiest way to learn about calculating pot odds? I'm an engineer so > I know my math but haven't been playing poker long enough to learn this. > Thanks! Step 1. Keep a running count of the pot. Step 2. The size of the pot normallized to the current amount of a call is the odds that the pot is laying for your call. For example, if there is $50 in the pot and it cost you $5 to call the pot is laying 10:1 on your call; this is your typical limit poker situation. If the pot contained $50 and it costs you $25 to call (i.e. you are facing a pot sized bet of $25) the pot is laying you 2:1. To determine if the odds the pot is laying you are sufficient to call you must at least know the number of outs you have (cards that make your hand), the number of cards to come and the number of cards you have not seen from the deck. A typical situation might be holding a four flush (we'll make it the nut four flush) with one card to come in Texas Hold'em. You have seen 6 cards (your 2 hole cards and 4 board cards). There are 9 cards of your flush suit that haven't been seen. 52 - 6 = 46 unseen cards 9 outs (We are only talking about the cards that make your flush, ignoring whether you win the pot or not) 1 card to come. of 46 unseen cards, 9 make your flush so, with one card to come there are 46-9 = 35 cards that miss for you vs. 9 that hit. 35:9 => 3.889:1 So, the pot must be laying you 3.889 times the amount you must call in order to break even on the call. If the pot is laying you less than 3.889 times your call you will, over the long run, lose money making the call. If the pot is laying you more than 3.889 times your call, you will show a profit, over the long run. Test Time: Suppose you are playing no-limit hold'em and there is $200 in the pot pre-flop, heads-up, and flop a four flush (making you about a 1.9:1 underdog to make your flush with two cards to come.) Your opponent bets all-in for another $350. There is $550 in the pot and you have to call $350 to continue playing. The pot is laying you 550:350 => 1.57:1 pm a 1.9:1 proposition. Based soley on the odds of making your flush, should you call the bet? Paul Stine College Station, TX | ||
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| Re: Pot Odds, stdioh, 17. Jul 2003 14:18 | ||
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| Find out the fraction of the number of cards in the deck that will make your hand over the number of cards left in the deck (the deck includes other players hands too - any cards you haven't seen). Then calculate the chance (rough estimate) that if you make your hand you will win. Generally if you are drawing to a monster like the nut flush, you can leave this around 100%. You're going to calculate the chance of making your hand on the turn which is your original fraction. Then you calculate the chance that you make your hand on the river (1-X)*Y where X is your original fraction and Y is your original fraction with the denominator reduced by 1 (the turn card that didn't help you). Long story short, calculate the odds of making your hand and winning the pot. Then look at the amount being bet at you and the amount in the pot. If you have to call $10 and there is $100 in the pot, plus the bet of 10 coming to you then if you pay the 10 and lose you stand to lose an additional $10. If you pay the 10 and win you stand to gain an additional $110. Thus you are getting 11-1 laid on you by the pot. Now you see that your probability of winning the and is 5:1 against, so you easilly have odds. Follow? You can also factor in implied odds. For instance lets say that it is a close call and you don't quite have pot odds for a call, but you know that if you make your hand on the turn you will be able to extract extra bets from your opponents. Lets say they are loose and agressive. Then the chance of winning additional money after you hit your hands raises the effective size of the pot. Long story short, basic calculation of pot odds is simple, but *true* calculation of pot odds is more an art than a science. | ||
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| Re: Pot Odds, TKarrde, 17. Jul 2003 14:23 | ||
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| Also - Make sure to leave out cards that could improve your oppenents hand. Such as having an open ended straight but with 2 of a suit on the board. You might have 8 outs, but 2 of those could give someone a flush so I only count 6. TKarrde "The next best thing to playing and winning, is playing and losing." | ||
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