This is a discussion on Pot Odds within the online poker forums, in the Learning Poker section; It is vital that you know you are getting good value for your bets, so you must understand Pot Odds.
You are dealt Ace, seven of
It is vital that you know you are getting good value for your bets, so you must understand Pot Odds.
You are dealt Ace, seven of hearts and a club.
Flop comes two hearts and a spade.
Pot is $120 and it will cost you $20 to bet. Do you bet or fold?
Of the 52 cards, you know 5 of them, (two in your hand and three in the flop),
leaving 47 unknown. Of these 9 will help and 38 will not.
the success odds are 38/9, nearly 4/1.
The Pot Odds are 120/20, 6/1.
Whenever the Pot Odds are greater than the success odds - you bet.
You're sitting with an open ended strait, The pot is $200 and it will cost you $25 to compete in the pot. What do you do?
You can see 5 of the 52 cards in the deck, leaving 47 unknown.
Among these unknown cards there are 8 cards which will fill your strait and 39 which will not.
Your success odds are therefor 39/8 or nearly 5/1.
Looking at the Pot , the odds there are 200/25 or 4/1.
You are getting 4/1 from the pot, but only 5/1 to win - a sucker bet.
A gut-shot strait - forget it, unless the win odds are better than 11/1, very unlikely.