Pot Odds in Poker

Pot Odds in Poker

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One of the most important determining factors in poker play is a concept of pot odds. It can be defined as the amount of money in the pot compared to the amount you must put in the pot to continue playing. Thus, pot odds refer to the correlation between the size of the pot and the size of the bet. For instance, if the pot consists of $10 and you have to call a $2 bet, then you are getting pot odds of 5-1. If you have to call a $5 bet in the same $10 pot, you are getting pot odds of 2-1.

In online poker it is usually recommended to use a pot odds calculator which displays your pot odds immediately. This eases your play immensely.

Pot size

It is really important to be always aware of pot size. Playing Limit poker, you don’t calculate the amount of money but the number of bets in the pot. For example, in Hold’em, when the bets get double, you count the big bets as two small bets. In Pot-Limit or No-Limit, despite it is a little bit harder to count the pot and that’s why the odds will not be as precise, you must keep doing it any way.

Usage of Pot Odds

It is not just enough to know your pot odds, you must be able to always use this information in a proper way. To do so, you should constantly correlate the pot odds with the value of your hand. This will help you to put your opponents on likely hands and evaluate your chances of making a better hand than theirs.

Implied Odds

The relationship between the size of the current pot and the pot you are expected to win is determined as implied odds. In other words, these are pot odds that do not exist currently, but may be included in your calculations due to bets you suppose to win if you hit your hand.

For instance, you might call with a flush draw on the turn even though the pot isn’t giving you quite 4:1 odds (your chance of making the flush) because you’re fully confident if you make your flush, you can win a bet from your opponent on the river.