re: Poker & Implied Odds
Implied odds are how much you can expect to win if you hit your hand. So if you know a player has a hand that they pretty much can't fold, he's offering you a lot of implied odds.
For example, you hold 75, and call a raise from a player holding aces. If the flop comes out giving you a straight, or two pair, you will likely take that player's entire stack. So the implied odds are the amount of money left in his stack, divided by the cost of the raise. So if he raised to 3xBB's with a 100xBB stack, then 97/3 = 32.3.
But hands like 1 card flush draws usually have poor implied odds because its so hard to win more money when you make your flush, because players generally will not call bets with 4 of a suit on the board.
So if you're playing an implied odds hand, look for the following to figure out if you have implied odds:
- Opponent has plenty of money left
- Opponent likely has a big hand that can't fold
- Your draw/big hand will be well concealed when you hit it
If you're playing limit, implied odds are usually easy to compute since you'll probably get 1-2 more bets out of that player on subsequent betting rounds.