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Over $200k in freerolls every year! # Poker Pot Odds When you bet (or call a bet) you are, of course, trying to win the money that is already in the pot. How often do you have to win to make this profitable? Clearly not every time - if it costs you 10 to bet (or call) and there is 100 in the pot, then you'd be able to be wrong 9 times out of 10 and still break even. This is the essence of the pot odds: You're paying a fraction to win a larger sum. If you're more likely to win than you have to pay, then your bet/call is a winning move in the long run. Let's try one of the standard examples for pot odds in poker: The flush draw  First you need to consider your odds on hitting the winning hand. In the case of a flush draw on the turn in Texas Hold'em, you're getting about 4-1 (actually 37-9, since there are 37 cards that will "miss" you, and 9 that will give you the flush, but 4-1 is a good enough approximation) if the flush will be the best hand. This means that the pot odds need to be 4-1 or better in order to make your draw profitable. For instance, if your pot odds are 3-1 (paying 10 to win 30) you would get this Expected Value calculation: (-$10 x 37/46) + ($30 x 9/46) = -$8.04 + -$5.86 = -$2.17 If these calculations look confusing, please read the Expected Value article
• What does this mean?

It means that if there's only $30 in the pot and you have to pay$10 to win it, you'll lose on average a little over $2 every time you do it. Not a good thing. • What if the pot was$50?
(-$10 x 37/46) + ($50 x 9/46) = -$8.04 +$9.78 = $1.74 Here, you average$1 profit for every call you make.

• Understanding the concept of pot odds is essential in order to play winning poker. Poker - especially limit poker - is taking a relatively small edge and repeating it relentlessly, over and over again, and making a profit from it. Making plays that don't pay off in the long run will instead turn that profit into a loss.

### What does Fold Equity mean?

Fold Equity refers to the equity you can expect to gain based on your opponent folding. The formula to work out fold equity is:

• Fold equity = likelihood that opponent will fold x gain in equity if opponent folds.

### What is Implied Probability?

Implied Probability is an extension of Implied Odds. It is a conversion of traditional odds, in a ratio format, into a percentage.

### How do you calculate Pot Odds?

There are two ways to calculate Pot Odds, via the ratio method or via the percentage method. The most popular one to use is the ratio method. For this you first have to calculate the Card Odds, so this means figuring out which card you need and seeing what the likelihood is of it appearing on the next turn. So, find the ratio of cards in the deck that you donÆt need against the card that you do need. Then, you′ll have to compare this ratio with Pot Odds. Using the size of the pot and the size of the bet, you can work out the Pot Odds. If the Pot Odds are bigger than the Card Odds, then it′s a good idea to call.

### What is EV in poker?

Expected Value, or EV, is used to describe the average outcome of a situation when the situation depends on an uncertain event. In other words, EV refers to the average amount of money you could win or lose. You can have a positive EV or a negative EV.

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Also see our Poker Odds Calculator.