Posts Tagged ‘pot odds’

Pot Odds

Tuesday, November 23rd, 2010

The term “pot odds” refers to the odds you are getting with your calling a hand. For example, if you are involved in a hand where there is $50 in the pot already and it is $10 for you to stay in the hand, your pot odds are 5-1. This is what is called your effective odds. In addition to your effective odds, you will need to know the odds of hitting the hand you are trying to make. If in Texas Hold ‘Em you have a four card flush after the flop and the turn, there are nine outs for you to hit your hand within the remaining 46 cards that you do not know. 46-9 breaks down to roughly 5.1-1 odds for hitting the flush on the river. If the pot odds were 5-1 as in the example above, you should fold this hand assuming there is no other way for you to win the hand since your effective pot odds are paying less than the amount of times you will actually complete your hand. Over the long term, folding such hands will save you money.

What about instances where there are more rounds of betting ahead of you? Effective odds are great, but how do you use them to predict the future? This is where your “implied odds” come into play. Implied odds take into account future rounds of betting and are vital in determining whether or not you should stay in the hand. Let’s go back to the example above. There is $50 in the pot after the turn and it is up to you to call a $10 bet. You are chasing that fifth card for a flush again and you know that you have a 5.1-1 chance of making the hand. If you call the $10 bet, your play is incorrect—for now. If the pot has the promise of growing larger, it might actually be a good idea to play the current hand. If you suspect that your opponent will bet another $10 the next round of wagering, and at least three others will call besides yourself, your implied odds are actually 110-20, meaning that by risking $20 (two rounds of $10 bets), you are standing to win an additional $110. This breaks down to 5.5-1, meaning that your implied odds warrant a call. In other words, one of your nine outs will hit often enough to make you money over the long term.

How to Know You’re Pot Committed

Monday, April 12th, 2010

Poker Babe giving Poker TipsHave you ever had a hand where you knew you had nothing but you already had enough chips out there to call? This is called being “pot committed”, and a lot of times if you follow through with that, it pays off. Below are a few different scenarios where it’s better just to call and see what happens.

Someone Goes All-In
If you already have a big blind in the pot and a low stack on your table goes all-in, you’re usually already pot committed. That means that no matter what two cards you have you have to call the guy’s all-in with the possibility of knocking him out. Bet thing to do is to see what you would be getting out of a possible win. If the amount of money that you have to put out is half or less than half of the pot that is already out there, you should probably call. The exception to that would be if you are a low stack yourself and would be risking your own tournament with stupid cards.

You Face a Small Bet
If a person bets a really small amount into a really huge pot, you usually have to call. Folding will just indicate that you were bluffing the whole time and didn’t have anything. If that’s true, then you have to determine if the other person was bluffing as well. Either way, you should probably put up the chips just to see what happens.

You Have a Ton of Chips Invested
If you’ve already invested a very large portion of your chip stack into a pot, then you probably have to follow through. You of course can fold to preserve your stack, but if you have put in half of your money into one pot, the other half will likely need to follow.

Things will always progress in Internet Poker, but sticking to odds may be your best bet sometimes.