Thursday, April 20, 2006

Pot Odds

* Pot odds are really just another way of looking at expectation. It compares the amount of money in the pot to the amount of money you would have put in to continue playing. It helps answer the eternal question in poker strategy: "Is it worth it to continue in this hand?" To answer that, you always have to have a sense of card odds. Lets say the pot contains $100 and you need to put in $10 to continue playing. The pot odds are 10 - 1. If you have a better chance of winning than that, it's worth calling. When the card odds are better than the pot odds, it makes good poker strategy sense to get out. Have a 25-1 chance of getting that inside straight? Time to fold.

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