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Pot Odds

Pot Odds

Basic Texas Hold'em Poker Strategy includes probability and a little bit of luck. A good poker player will take the odds into account when deciding whether to call, raise or fold on a certain hand. The concept of pot odds is used to compare the odds of completing a hand to the potential payoff.

Calculating pot odds is pretty simple:
First determine the value of the chips currently in the pot. Include any bets that other poker players have already placed on the table. Then factor in any additional bets you think the players after you will make. They are called implied odds. Divide that by the value of the bet you need to call.

The pot odds will need to be recalculated if another player raises after you. In that case, divide the size of the current pot, including the bets on the table, by your first bet plus the raise. Second calculate the odds of completing or improving a hand on the turn and river cards, based on the number of outs your hand has. Outs, as you know, are the number of cards left that will complete your hand.

Disregard the cards the other players may have, since you don't know what they're holding. Pot odds are purely a measure of probability, and cannot account for the cards that have already been dealt. Finally compare the odds of making your hand to the pot odds. If the odds of making your hand are higher than the pot odds, then the potential payoff from winning doesn't justify the odds against making your hand, and you should fold. If, on the other hand, the odds of completing your hand are lower than the “pot odds” call.