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Server Time: 11/23/2008 4:02:57 AM PACIFIC |
 What price is the pot laying you?, Schuster, 5. Nov 2003 11:10 | ||
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| I was talking with a friend last night who is still learning the game and we got on the topic of pot odds. He is a decent player, but has a long way to go. I tried a few times to tell him it's not always just the pot odds in black and white, but that he should try to consider the true price the pot is laying (thanks Roy Cooke). He couldn't really get a handle on it for a bit, but when I posed this example, something clicked and I think he got it. So, I'll share it with all of you. Two different situations, both of which you are in the small blind with 5c 4c and the flop is Kc 7h 2c. The table is a bit loose, but doesn't chase too unreasonably... no one is going after backdoor flush draws or trying to spike a single overcard. Situation A: There is an early limper, everyone else folds, you complete the big blind. The big blind raps and you see that you've flopped a flush draw. You decide to check, the BB bets, and the early player raises. At this point there are 6 bets in the pot and you have to call 2, so you're getting 3 to 1. Situation B: There is an early limper, one middle limper, and two late limpers. You complete the big blind, he raps, and you see that same flopped flush draw. The big blind bets, the early player raises. To your surprise, two of the remaining players cold call the 2 bets. There are now 13 bets in the pot and you have to call 2, giving you 6.5 to 1. The question I posed to him was if you had to call in one hand and fold in the other, which would you play and why? He choose to play situation B as he was getting the proper odds for his flush draw. But, think about the board. There is a bet, a raise, and 2 cold calls. Does everyone at the table have a king? Or does it seem pretty likely that someone is drawing to a higher flush than you are? In situation B, there is a high probability that you are drawing dead to a runner runner straight, 2 pair, or trips because with that flop action, someone is very likely to have a bigger flush draw. In situation A, you aren't getting correct odds to call, but the odds of drawing dead are much much less. If I had to put my money into the pot in one of the situations, I'd put it in on A because the pot is laying me a much higher true price. Obviously, this is a bit of an extreme example, but learning through extremes often makes the normal situations easier to analyze. I hope you all enjoyed. Lee | ||
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