$15 to call. 5 people are in before me. How to quickly calc Pot odds?

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RickAversion

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So there's $75 in the pot.

Pot odds
= 15 / 75 + 15
= 15 / 90
= 1 / 6
...

This is where I can't do fast calculation.
1 divided by 6 ....

uhhh...

6 divides into 10 about 1.7 times.
So, .17 pot odds?
Way to slow.

There's got to be a better way,
but I have no idea how to compare "6 to 1 odds"
vs. lets say 20% pot equity.

I prefer comparing percents to percents.

How do you do it?
 
DonV73

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Great question :) I don't know, but I am having this same problem actually, so I hope there will be some good answers :)
 
Mr Sandbag

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In the above example, your calculations are wrong. If the pot is $75 and you owe $15 to call, your pot odds are 5:1. You don't count the money you have to risk; that is the "1" in "5:1." That'd be like saying you are risking $10 in blackjack to win $20. I assure you you are not getting 2:1 on your money in blackjack.

Anyway, there isn't a better way to convert into a percentage value. You've just got to get used to doing the math or start converting the percentage into odds.
 
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RickAversion

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Sandbag,

When you calculate pot equity using percentages, I think you do include the amount you're calling with. Just not when you're calculating the ratio.

$100 pot. $50 raise. So, now the pot is $150
Pot odds = 50 / (150+50) = 25%

But, Pot odds = 3:1
 
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RickAversion

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Sandbag,

$100 pot. $50 raise.
So, now the pot is $150
$50 to call.
Yes, pot odds = 3:1

But, pot odds are NOT = 50 / 150 = 33%
Pot odds = 50 / (150+50) = 25%


So, in the other example,
$15 to call and $75 in the pot,
it is 5:1 odds
but it is also pot odds = 15 / (75 + 15) = 16.7%

In the blackjack example,
you bet $1, and now there's $2 in the pot.
Pot odds = 1:1
Pot odds = 1 / (1+1) = 1/2 = 50%
 
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RickAversion

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Thinking more about this.....
$75 in the pot
$15 to call.

15 times ______ gets me to $75?
...5

So, it's 5:1

What do my pot equity need to be?
5:1 is the same as

v5iag6.jpg
 
Mr Sandbag

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Okay. Your first post said something about "6 to 1 odds," so I don't know if that was related to your first example.

Why not just convert from the percentage? If your hand has 20% equity against your opponent's range, that's the same as 4:1. If your pot odds are 5:1, you're good.

I mean, either way works. It's just a matter of what's faster for you.
 
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RickAversion

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I always calculate pot equity by percentages using number of outs and the rule of 2/4. So, I need to stick with percentages.
 
dj11

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Once you come up with a number what do you do?
 
JusSumguy

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Getting 5:1 odds for a small % of my stack might garner a call with ATC from me.

Depending on position and villain.

-
 
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It should depend on your pot equity
Not your stack size.

Generally yes...however when the raise is a smaller % of your stack, you have lower risk to higher reward scenario added to the fact that your hand can be disguised depending on the board scenario.
 
DrazaFFT

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It should depend on your pot equity
Not your stack size.

That is true but his point is that when you are getting this big pot odds and it is just a small chop of your stack it is OK to call, of course knowing your opponents and having position...
 
DrazaFFT

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LB i think it would be lot faster to calculate if you just start thinking in odds, believe i have been calculating all to percentage and now when i figured odds it is lot faster, it is almost like at glance
 
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RickAversion

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Ok, so how do I convert "Rule of 2/4" pot equity to odds?
Let's say I have 9 outs for a flush draw.
That's 18%/36% pot equity.
What are the odds?
 
DrazaFFT

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This might not be the right mathematical way but i took the close aproximation where i know that on flop it is little better than 2:1 (2 to one is 33,3%) so any 2 to 2 pot odds are a snap call, if you want to see only one card 18% is little worse than 4:1 (20%) but better than 5:1 so if you fold 4 to 1 pot odds but call 5 to 1 you are making a good call, this is how i do it it is not totally accurate but it works for me
 
DonV73

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If I was you I would use a software program which calculates it automatically for you. There are lots out there, they can show info in 1:x format or in % format.

This ofcourse, does not help you in live play :)
 
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RickAversion

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I have decided it's easier to work with ratios and not percents.
Just like the pros do.

The key is not to do any division.
Also key when it's a rough estimate in live conditions.

I just need to brute force memorize this chart, particularly the bottom
v5iag6.jpg
[/QUOTE]
 
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RickAversion

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To simplify:

Anything more than 4:1 is under 20%.
Got a small raise for a large pot?
Just need something above 20% equity to call.
If h2h, then you're closer to 50/50, so you mostly call if you've got anything.

1/2 pot raise? Just need 33%
That's about all you need to memorize, in fact.
 
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