Casino Talks

Posted by: Jack Daniels at December 28, 2006, 6:45 am

Topic: Poker Math Forum: Card Chat

Quote: Originally Posted by ChuckTs

In summary, your pot odds are the ratio of [pot + any bets in front of you]:[bet to you].

So for your first example:

[100+10]:[10]
= [110]:[10]
= 11:1

and if the bet to you was 50 instead of 10:

[100+50]:[50]
= [150]:[50]
= 3:1

One minor correction...

When you calculate your immediate pot odds, you consider only the size of the pot s what you have to call to win that amount. You don't include the money you're calling with in the calculation for your pot odds. So in the first example, the pot is 100 and you need to call 10.
= 100 to 10
= 10 to 1

And if the bet to you was 50 instead of 10:
= 100 to 50
= 2 to 1

Here is another Article link for you to check out on odds. Lays it out pretty cleanly.

Note: If you are going to convert your pot odds to a %, then you would use the formula: amt to call / (pot size + amt to call). So in the first example it is: 10 / (100+10) = 10/110 = 0.091 or 9.1%. So justify making the call, your chance of winning must exceed 9.1%.

In the second example, it is: 50 / (100+50) = 50 / 150 = .33333 = 33.3%. So you will have to win at least 33.3% of the time to justify making the call.

IMO, I prefer the first method using the odds.

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