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| Poker Strategy | *Understanding Implied Odds in Poker*
Math is a big part of poker as you need to calculate outs, pot odds, and even expected value. But what do you do when you need to calculate implied odds? Many players tend to think that implied odds are an excuse to call bets to hit their miraculous one outers.
While many think this way, implied poker odds,are by no means an excuse to play poorly and make bad plays. With this train of thought you are destined to lose a lot of money and will have a difficult time going deep in any event.
*What are implied odds?*
Implied odds are another way of saying a "calculated risk." And by that I mean that it is all based on facts however there is no guarantee that you will win or lose the amount of money you think. So what gets factored in when you look at implied odds?
- Hand history with opponents.
- Your opponents stack size.
- Your stack size.
- The size of the pot.
- What the current bet is.
- Flop Texture
- Table Images
In short, implied odds are based on the facts mentioned above when you feel you are behind in a hand and you do not have the correct odds to call. You will then assess the information and decide whether or not it is worth the extra chips to try and chase your winning draw.
For an easy example of a hand you would fold: If you had a gut shot straight draw and you have approximately odds of 11:1 and the pot is only offering you 9:1 then this would be an easy fold as you would miss your card a minimum of 2 times more than needed to break even.
However, if you were to take previous hand histories, table images, and flop texture into consideration and decided that you could stack off your opponent if you hit, then the risk may be worth it.
Lets take a look at a brief example:
While sitting at a 6 handed ring game the blinds are $100-$200. During the first hand of the game you pick up Ks Qs on the button and watch the player under the gun raise it to $600. It folds around to you and you call for $600. The Small Blind folds and the Big Blind calls for another $400. All three of you go to the flop with $1,900 in the pot.
On the flop you see Ad, 7s, and 3s. From previous experience you know that the Big Blind will play any Ace and the UTG will play any pocket pair pre flop but will fold if he misses his set. Neither of these players will bet if they missed the flop.
The Big Blind leads out with a bet of $1,000. It seems as if he is trying to prevent either of you two to draw to the possible flush. The player UTG decides it was to expensive and gets out of the way. From previous experience you know the Big Blind will go to the rail with top pair. Can you make the call?
Although you have no hand, you have a great drawing hand to
the 2nd best flush and have 9 cards to possible try and do so. Your odds are about 5:1 to hit your hand but you are only getting about 3:1 on your money.
What this tells you is that in the long run you will spend more chips trying to draw to this hand and win then the you will make from the possible profit when you do hit your draw.
This is where implied odds step in. What if you can make another $3,500 on this hand? Would it be profitable then? If you knew you could get that out of your opponent it sure would be. $3,500 plus the $1,900 already in the pot would give you odds of 5.5:1 (to call a $1,000 bet) Compared to your odds of hitting your outs of 5:1, this would be a slightly favorable call. You would stand to make about $400 or so on this play in the long run. So should you make the call?
Well, that is an entirely different article. And please keep in mind that
this is an exaggerated example purely designed to show you what implied odds are, the factors you need to think about, and how to use it in a live situation. If you can use implied odds sparingly and correctly, there is no reason for you to be expecting negative value from this.
However, I am sure you can see that if implied odds are abused in any way, it can cause you to be a losing player in the long run.
Author: 4kingpoker.com - Poker Forum,strategy, tips and poker room reviews.
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