Calculating pott Odds

[Watertight]

I'm guessing there will be many a thread on this question , but i was just wondering how to calculate pot odds . Hope someone can teach me a stratergy ,  or point me in the direction of a previous post on such an issue . Thanks

[matt674]

just type in "calculating pot odds" into the search box and you'll get lots of threads providing you with answers (including this one with no answers!)

[LeKnave]

Basically you have to divide the total pot (including any bets which have not been matched yet) with the bet you are facing.

So if the pot is $15 and some one bets $5. (the pot is now $20) and the bet u r facing is $5 so:

20/5 = 4/1 or 4 to 1.

That is the odds you are getting on the pot.

This figure should then be compared with the odds of actually making the draw you have.

So say u are getting the aforementioned 4 to 1 on the pot, and you have a flush draw...you have to work out the odds of making a flush draw, which happens to be around 4 to 1

Hence u are getting 4 to 1 on the pot, and 4 to 1 chance of making your hand hence u should call.

If the odds of making your hand are longer than the pot odds you are recieving a fold is in order.
But if the odds of making your hand are the same or shorter than the pot odds, u should make the call.

LeKnave

[Watertight]

Thanks combined this and a previous post on the basis of the monkeys advice to get a basic understanding of the formula for pot odds cheers guys .

[SupaMonkey]

Edit, silly post. Don't drink and post.

[Bongo]

In the example he is getting 4 to 1.

20 to 5.

divide both by 5

4 to 1.

[SupaMonkey]

Sorry my bad. I think i must have misread.

[ifm]

But then there are implied odds 

[Watertight]

Just when i get my head round pot odds, ifm throws in implied odds.My brain works mathematically so i feel that learning these calculations will vastly improve my play if you would care to expand ?  . I have 3 months off uni so it's my goal A) to learn as much as possible on poker strategy . Will be reading this poker hand analysis thread regularly and hopefully as i learn more i can start to give my own analysis of other peoples plans.
The mission has began.

[ifm]

Implied odds are basically how many chips you think you will get off the other players if you hit your hand.
i.e. you both have 5000 chips and the blinds are 50/100.
PlayerA raises to 500 and you call with 910, flop comes 78A and he bets 1500.
The pot is now 2500 (forget blinds) and you are faced with calling 1500 (pot odds around 1.5 to 1), the pot odds aren't great but IF you hit your hand and assuming he has the ace then your implied odds are for all of his stack on top of the current pot.

Sorry if this is unclear, i'm sure someone will give much better examples

[matt674]

but do you really want to risk 1/3rd of your stack on a 30% chance getting pot odds of 1.5-1 even if your implied odds increase to 4 to 1?

tough one

[ifm]

but do you really want to risk 1/3rd of your stack on a 30% chance getting pot odds of 1.5-1 even if your implied odds increase to 4 to 1?

tough one

I did say it might not be the best example, usually i don't even consider implied odds till the turn.

[matt674]

and looking at example again it would probably be even less than 4 to 1 - probably just under 3 to 1.

I know what you were saying - it is something hard to explain in a nutshell without the knowledge of other players understandings of implied odds

[ACE2M]

implied odds are an excuse for making bad calls in my opinion.

[LeKnave]

Haha i like that.