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Knowing your poker pot odds is simple and easy to learn.
It is also considered essential in choosing your strategy in each of your
poker play. Pot odds basically pertains to the ratio between the pot size
compared to the bet size. For example if the pot is $250 and a player must
put in $25 then you got 10 to 1 pot odds or 10:1 expressed in ratio. Say, if
we have $60 on the pot and you must put in $10 to call, then you have 60 to
10 or 6:1 pot odds ratio.
Some expert says that poker pot odds are the number of times you need to
play to break even. As an example, if we have $50 pot and you need $10, that
would give us a 5:1 pot odds. It would mean that even though you lost 4
times, a win on the 5th time will be paid and scores $50 or a break even.
Usefulness of both the hand odds and the pot odds becomes clear when you
start comparing the two. To have good enough pot odds, generally you need to
have better pot odds than the chance of winning the hand. So if you have
only 20% chance of winning the hand, you should only play that hand 5 times
your bet or more in the pot. As we know, in a flush draw, hand odds for
making your flush are 1.9 to 1 or 35%. For example, you have a hand with a
nut flush draw and it's $5 to you on the flop to call. Do you call or not?
Lets take a look at the odds.
There is $20 in the pot and a $5 bet from an opponent, then you have 25:5 or
5:1 pot odds. This means that in order for you to break even, you must win 1
out of every 5 times. However, with you having flush draw, your odds of
winning are 1 out of every 3 times! Then not only are you breaking even,
you'll be making a profit from this in the long run.
Let's try another example just to make the concept more clear. For example
you have four to the flush, which leaves you with odds of 5.2 : 1 for the
turn. It does not matter how much you need to call, as long as the pot has
5x that amount or more then it is worth your call, since that would make
your pot odds higher than your hand odds, which would mean that the hand
would work to your favor in the long run. The point is if your Pot Odds are
greater than your Hand Odd then it gives you an advantage in the long run.
Knowing how to figure out your odds is one of the most important factors you
need to consider to become a solid poker player. The capability to memorize
or to calculate hand odds and pot odds will lead you to make the right
decisions in the future play. And remember that playing drawing hands
requires that your pot odds are greater than your hand odds.
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