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Poker Strategy: Poker
Odds Made Simple
Copyright © 2008,
RealPokerLessons.com
There's no doubt
that understanding poker odds is a critical element in
succeeding in long term poker. Its also one of the most over
looked areas of poker. Intermediate poker players do understand
it, but usually don't know the exact numbers. They understand if
the bet is too big, they simply lay it down. But pros know the
numbers to a T and so should you.
First of all, I'm going to first explain the simplest method
that I know of and the method that I actually use. I don't like
to be at the table doing all sorts of math, so we'll try to use
the KISS method (keep it simple stupid).
Your Odds Of
Making Your Hand After The Flop
First of all, understanding your odds to make your hand after
the flop. The simplest formula for this (in my opinion) is the 4
2 method (see
video). It works like this. After the flop, determine your
outs, then multiply them by 4. For example:
 
The flop is...
  
To make your
straight, you need either a 5 or a 10, and we know there are 4
of each left in the deck, giving you 8 outs.
So, multiply 8 (outs) times 4, giving you roughly a 32% chance
of making your hand.
Now the turn card comes:

You didn't catch
it on the turn, so now we use the 2. We still have 8 outs, so
now we multiply 8 x 2 giving us 16, or roughly a 16% chance of
making our straight (note: you can also cut the first estimate
of 32% in half if you like, since there's only one card left to
come, your odds go down by half, which is why its a 2 now
instead of a 4).
Determining If
You Have Odds To Call A Bet
Now the tricky part. Based on the above scenario its rather
easier explained then applied. But quite simply, if you have a
34% chance of making your hand, then mathematically you're not
suppose to bet more then 34% of the pot. So if its your turn to
bet and someone bets $30 into a $70 pot, making it a $100 pot,
by math you are suppose to call because the $30 (which is 30% of
the
$100 pot) is less
then the 34% chance of you making your hand. So the odds are in
your favor.
However, lets say
that same person (same scenario as above, after the flop) bets
the pot ($100, making it $200). Now you have to put in $100 to
win $200, giving you 2 to 1 odds, which means you're betting 50%
of the pot, which is over your odds to make your hand. Now you
are suppose to fold because you are simply betting more money
(based on percentage) then you're expected to win (based on
percentage).
* One important thing to understand though: When you are low
stacked and facing elimination, your odds really are not the
same. They're worse. Quite simply, when you are short stacked,
you don't have equity to chase hands, so these rules don't
apply.
Implied Odds
Implied odds are bets that you believe other players will put
into the pot after you bet. So even though they're not in the
pot yet, if you believe they will be, they can be taken into
consideration when determining if you should bet. For example,
if you know you don't have the odds to call a bet but if you
believe players acting after you will call as well, your odds
become justified. Implied odds are tricky and you really need to
know your opponents when using them.
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Notes:
You should keep in mind that the 4 2 method is not a 100%
accurate, but they are close enough. If you want to get a
bit more accurate, here are some changes you can make:
After The Flop
- If after the flop, you have 9 to 12 outs, still multiply
your outs by 4 (as explained above), then subtract 1. For
example, 9 outs (flush draw) x 4 = 36 - 1 = a 35% chance.
- If you have 13 through 16 outs after the flop, multiply
by 4, then subtract 4. For instance, 13 x 4 = 52 - 4 = a
48% chance, when its precisely 48.1%.
After The
Turn
After the turn, still use the outs multiplied by 2 unless
you have 9 or more outs. If you have 9 or more outs,
simply add add 2 for a more accurate number. For example:
If you have a flush draw, or 9 outs, take 9 x 2 = 18 +2, =
roughly a 20% chance of making your hand. The exact number
is 19.6%.
Again, these specifics here (under Notes) really are not
necessary. You're trying to get in the ball park of what
you should bet and what you shouldn't. So don't worry
about this section too much. |
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