In essence, the Pot odds comprise the chances or possibility of winning on a drawing hand to choose whether or not to call a stake or a raise. For that reason, when a player is on a straight draw or flush, he will be capable of working out whether or not to fold or call based on the bet size that he faces by utilizing the pot odds. This is pretty cool right?!! This situation may sound similar to a situation that you may come across in the Texas Hold’em where you hold 2 cards of the identical suit with additional 2 cards of that ensemble on the flop. In poker, this is referred to a flush draw or occasionally known to as a “4 flush”. One can use this as an instance in knowing about the uses of pot odds. Gaining knowledge about the utilization of pot odds puts an extremely functional bludgeon in your poker armory. Facts of this fundemedal notion are essential in finding out whether or not you shall develop into a winner or loser in a poker game. In poker game, pot odds are the relative amount (ratio) of the current pot size to the cost of a study call. Often, Pot odds are weighed against the likelihood of winning a hand with a upcoming card with the intention of calculating the predictable value of the call.
How to work out pot odds:
There are 2 methods through which one can work out the pot odds in Texas Hold’em. They are:
- Ratio technique
- Percentage technique.
These 2 techniques offer the identical results. Hence, the method that you choose to use is just a matter of first choice. The ratio technique is the most frequently used technique for working out the pot odds. However, the percentage technique is found to be the easiest to obtain to grips with while estimating the pot odds at the outset.
a) Ratio Technique: The greater part of forums and books places pot odds in the ratio set-up. Hence, it is certainly worth while learning this technique of estimating and working with pot odds.
b) Percentage Technique: The percentage method can be easier for many people to get to grips with especially, while they are in the process of gaining knowledge about the pot odds. Regrettably, it is not the extensively used method than the ratio method.
Assessment of Pot odds:
Even though, pot odds shall give you a complicated impression upon first glimpse, it is one of the most fundamental applications of mathematics in the poker game. If someone base his drawing choices on the pot odds, then he shall precisely be a winner in due course, irrespective of whether or not he wins the hand or not. In spite of choosing whether or not to call, pot odds shall be used to sway the amount that a player must stake so as to “defend” his hand. If you believe your challenger is drawing to a flush then you must wager a huge amount into the pot to endow your opponents with the incorrect odds to call. Afresh, irrespective of whether or not your challenger wins a specific hand, he will be losing and you will win ultimately.
Using pot odds to decide on expected value:
When you hold a drawing hand, or a hand that is at the back now (but is probable) to win if a specific card is drawn, the pot odds are used to find out the expected value of that hand when the player is faced with a gamble. The expected value of a call is predicted by weighing against the pot odds to the odds of drawing a card that wins the pot.
When the chances of drawing a card that wins the pot are numerically larger than the pot odds, the call has an optimistic expectation; when you add it all together, you win a part of the pot that is higher than the price of the call. On the other hand, if the probabilities of drawing a winning card are numerically lesser than the pot odds, the call has an unenthusiastic expectation, and you shall expect to win only smaller amount cash approximately than it expenses to call the gamble.