Difference between "Pot Odds" and "Implied Odds"?

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ryanshire94

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I am really keen on improving my game, want to make a living from playing poker as i love it, and to be honest i am not exactly the working type of person haha. I got the book 'the theory of poker' for christmas and i have read half of it and i am a bit confused about pot odds, implied odds etc. Can anyone explain what pot odds/implied odds are, and how to use them in a game situation? I know the basics, if the pot is 500, and someone has raised 100, you are getting 6/1 for a call is that right? calling 100 to possibly win 700 is 6/1? That's all i understand so far, if anyone can help explain further that would be brilliant, thanks. Especially the part about implied odds because to tell the truth, i read the chapter on that and did not have a clue what it meant hahaha.
 
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MediaBLITZ

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Congratulations in joining the club. What club? Those of us who read Theory of Poker the first time and went HUH!?!?!?!
Back up a little and read some Phil Gordon. Then around Easter read Theory again and you'll go, "Ohhhhhhhh!!!!!"
I wish I had the page in front of me from Gordon's Black Book that explains pot odds. He makes it incredibly simple. I must have read a half dozen explanations before reading his and felt like. "Well why didn't you say so?"
But yes - you are on the right track, however that in and of itself isn't that useful if you are not also keenly aware of the odds of your holdings or drawing power. Without that pot odds become pretty subjective leaving you to figure out if 6 to 1 is good, when is it good, when is it bad, how do you react to it? In fact, pot odds is only a part of the equation.
LOL - so I Googled "Phil Gordon explains pot odds" and found this:
"Here's a little secret: The concept of pot odds is useless." (kind of what I was saying)
http://sports.espn.go.com/espn/poker/columns/story?columnist=gordon_phil&id=2195168
 
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Marginal

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Congratulations in joining the club. What club? Those of us who read Theory of Poker the first time and went HUH!?!?!?!
Back up a little and read some Phil Gordon. Then around Easter read Theory again and you'll go, "Ohhhhhhhh!!!!!"
I wish I had the page in front of me from Gordon's Black Book that explains pot odds. He makes it incredibly simple. I must have read a half dozen explanations before reading his and felt like. "Well why didn't you say so?"
But yes - you are on the right track, however that in and of itself isn't that useful if you are not also keenly aware of the odds of your holdings or drawing power. Without that pot odds become pretty subjective leaving you to figure out if 6 to 1 is good, when is it good, when is it bad, how do you react to it? In fact, pot odds is only a part of the equation.
LOL - so I Googled "Phil Gordon explains pot odds" and found this:
"Here's a little secret: The concept of pot odds is useless." (kind of what I was saying)
http://sports.espn.go.com/espn/poker/columns/story?columnist=gordon_phil&id=2195168

Pot odds are useless but let me go ahead and explain it and how it is used to be successful
 
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ryanshire94

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Thanks very much haha, still a bit confusing but i will try and set some examples to work out for myself and see how i get on lol
 
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