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  #1 (permalink)  
Old 05-17-2006, 03:21 PM
Fish Food
 
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Default Pot Odds

Ok guys im just wondering if anyone could explain pot odds to me to where it will make it easier to calculate. Becase im really having trouble when and how to use pot odds thx in advance.
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  #2 (permalink)  
Old 05-17-2006, 03:33 PM
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Pot odds is how much it cost for you, VS how much is already in the pot.

Example:

Late in an MTT

BB is 2000
You are BB
SS go all in for 6000

Pot is already 8K (the push + your BB)
It cost you 4K to call
Its 2:1 pot odds

Wich is really goodin that situation no mather what you have in hand.

Of course there is alot more situation you have to use pot odds.

In order to decide if you chasse your draw or not, to justify or not a call preflop, to know how much you will raise in order to know what kind of pot odds you will offer to your opponent... etc, etc, etc...

Your succes in Poker will be equal to your hability to manage pot odds.

hope it can help...

KJ
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Heck, I've seen people go nuts with middle pair!
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Old 05-17-2006, 03:38 PM
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i htink that helped. But im now wondering do i have to know this like the back of my hand or is it just something that will help me in the long run. by the thx... it helped the way you put it.
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Old 05-17-2006, 03:47 PM
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Quote:
Originally Posted by pkt10s
i htink that helped. But im now wondering do i have to know this like the back of my hand or is it just something that will help me in the long run. by the thx... it helped the way you put it.

Honestly, especialy in live play, I calculate my pot odds before doing anything!!! (check, bet, call, raise, etc)

Even if i know instictively if I have the odds to call or not, I'll take a few seconds do calculate my pot odds in order to avoid giving some tells about my hand, and also to take time to pick up a tell on my oponents.

Anyway, you have to know your pot ods to justify any move you do. Even for a fold with 72o after an all in bet. Of course, most 99% time, instinctively, you know you cant call with 7-2, but some time, you will have the odds!

KJ
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Originally Posted by Girevik
Heck, I've seen people go nuts with middle pair!
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  #5 (permalink)  
Old 05-17-2006, 04:10 PM
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KJ explained it to a "T"... There are sometimes, especially in tourneys where there is SO much money in the pot that you KNOW that with 3, 4, or even 5 people pushing AI, or calling AI some or most will likely have monster hands, maye even duplication say 1 has AA, one has AK, another has KK and one has QQ or even AQ where their outs may be already gone and they are all drawing for one card so say your on the button with T10000 in chips and its late in a tourney, (or early in a rebuy, just re-do the math) and there is T40K or T60K (or another appropriate number) giving you 4-1, 5-1 or 6-1 odds on your money in the pot and you have a small PP or suited connectors that are big hand busters it may warrant calling because you have to risk so little to gain so much, and say you only need to have your hand hit X amount of times to be a +EV call. In a 9 handed cash game if there is 5 or 6 people on the flop, lots of raising, re-raising and more of the same on the turn and river you may find spots were your pot odds are 15-1 or even as high as 20-1 like in $1/$2 limit and there is $50 in the pot on the river and you have to call a $2 bet on the river giving you 25-1 to call.. But, I've also seen people fold on the river in those situations when I have had marginal hands and had it checked to me in LP and have the table fold when I bet it when people are getting those kind of odds to call.

Or more simply, say 3 different times in a tourney or cash game you have 5-1 pot odds and you call all 3 times but only hit one of the times you have to risk 1000 chips to gain 5000, and your hand only hits 1/3 times then you have risked 3000 chips to gain 5000 and it is a +EV situation.

I have done this many many times in tourneys and in cash games and have it pay off, and I think long term it is probably a +EV move but of course every situation is different so use your judgement accordingly. I had one hand in a cash game not too long ago where there was almost $110 in the pot PF and I only had to call $16 of my $180 (6.1-1 pot odds) with 67 suited, I was in the BB and called and flopped a set of 7's and a 6 on the turn for a FH. Was it a donk move, probably but with those kind of odds sometimes you just *have* to call.

Does anyone else think I'm too far off base here?
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Old 05-17-2006, 04:17 PM
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You did very good aswell that REALLY helped guys thx.
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Old 05-17-2006, 06:37 PM
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http://www.pokerforums.org/search.php

NEWBIE FAQ (PLEASE READ!)
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Old 05-17-2006, 06:56 PM
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Quote:
Originally Posted by pkt10s
i htink that helped. But im now wondering do i have to know this like the back of my hand or is it just something that will help me in the long run. by the thx... it helped the way you put it.
Read this thread:

Pot Odds
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