Pot Odds Flashcards
What are pot odds?
The relationship between the size of the bet you have to put in to call compared to the size of the pot.
In other words: a mathematical expression of risk and reward
How can you use pot odds to make decions?
The ratio of the bet to call and the current amount in the pot can be used to find the EQUITY REQUIREMENT for continuing profitability: your hand needs more equity than the pot odds.
In general, the higher the percentage of the pot that is bet, the ________ your equity requirement is. What does this mean in english?
The bigger the si,e of the bet compared to the pot, the HIGHER the equity requirement. And thus, the stronger your hand needs to be.
For a half size the pot bet, what is your equity requirement?
25%
For a full pot size bet, what is your equity requirement?
33%
For a 1.5 times the pot bet, what is your equity requirement?
38%
For a 1.25 times the pot bet, what isyour equity requirement?
36%
For a quarter sized pot bet, what is your equity requirement?
17%
For a 3/4 of the pot sized bet, what is your equity requirement?
30%
For a 20% of the pot bet, what is your equity requirement?
14%
For an 80% of the pot bet, what is your equity requirement?
31%
For a twice the size of the pot bet, what is your equity requirement?
40%
For 3x the size of the pot bet, what is your equity requirement?
43%
For a 60% of the pot bet, what is your equity requirement?
27%
How do you calculate a pot sized bet after a raise (ie they have to add money to a prior bet?)
Bonus: Why is it calculated this way?
The percentage of the pot’s value that you raise is based on the “3x + ORIGINAL POT RULE”. To make a pot sized raise after an opponent’s bet, put in (3 * opponent’s bet) + the original pot.
So, if villain bets $100 into a $150 pot, your bet shpuld be (3*$100)+$150 = $450.
BONUS: a pot-sized bet/raise alwaus goves your opponent 2:1 odds. In this example, the villain is being asked to put $350 ($450, less his original bet) in to win $700 ($100+$150+$450).
What are implied odds?
Sometimes the pot odds in the current action don’t make sense with your current hand equity. If you think you can win more money on a later street, then you have impied odds to justify staying in the hand
What’s the short-cut method for calculating pot odds?
Considering your hand equity, compare the ratio of the pot odds you’re currently being offered to the odds you would need to call correctly. The difference between those two values is what you would need to make in future actions.
What is breakeven percentage?
A breakeven percentage is a mathematical way of stating when a bet or raise made as a bluff reaches a 0 EV. If your opponent folds more often than the breakeven %, you make an auto-profit.
In general, the bigger bluff amount bet or raised, the more often the bluff.
What is auto-profit?
Auto-profit happens when your opponent folds more often than the breakeven percentage. Anytime a villain folds more often than they should, you have an auto-profit.
