Manne wrote:
We've talked about pot odds before on the Gambling Beat, but there's another type of odds that poker players need to learn their way around implied odds. Simply put, implied odds indicate how much money you expect to win after you complete your draw.
While there are fairly simple mathematical formulae that helps you determine how your pot odds work, implied odds require you to trust your guts a bit more. You'll be making an estimate of them based on an understanding of your opponent and the situation you're playing.
Let's look at a situation where you have good implied odds to help you understand. You're holding Kh6c and the flop is Kd7c8s. You've got a nice open-ended straight draw there and even if you opponent bets into you, you still have good implied odds. If you make your straight, you're going to be able to extract more money from your opponent in later rounds of betting.
A situation with bad implied odds and a straight draw would look like this: you're holding Ks4c and the board reads QhJdTc. Yes, you can make a good hand but your implied odds are far worse in this situation because the second you bet, your opponent is going to be onto you. It's obvious that you're going to make your straight if the Ace or 9 hits, so you're going to be able to extract much less money from the other player.
A note: while casual free and microlimit players aren't likely to understand implied odds, if you're playing real money online poker, particularly in middle and higher stakes games they're a major part of the game.
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2012/06/29
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While there are fairly simple mathematical formulae that helps you determine how your pot odds work, implied odds require you to trust your guts a bit more. You'll be making an estimate of them based on an understanding of your opponent and the situation you're playing.
Let's look at a situation where you have good implied odds to help you understand. You're holding Kh6c and the flop is Kd7c8s. You've got a nice open-ended straight draw there and even if you opponent bets into you, you still have good implied odds. If you make your straight, you're going to be able to extract more money from your opponent in later rounds of betting.
A situation with bad implied odds and a straight draw would look like this: you're holding Ks4c and the board reads QhJdTc. Yes, you can make a good hand but your implied odds are far worse in this situation because the second you bet, your opponent is going to be onto you. It's obvious that you're going to make your straight if the Ace or 9 hits, so you're going to be able to extract much less money from the other player.
A note: while casual free and microlimit players aren't likely to understand implied odds, if you're playing real money online poker, particularly in middle and higher stakes games they're a major part of the game.