| Posted by: Marcus Tranter at October 13, 2006, 5:59 am | | Topic: It appears you are from xxxx - leave BW.com -- WTF?? Forum: Bonus Whores | pluntzky wrote: I have no idea why people try to argue that poker aint gambling, if it wasnt, then sportbetting wouldnt be gambling either, because its a game of skill, and neither would videopoker, blackjack etc etc. Not mutch left then. Or how about selling odds on a pokerhand on a odds-exchange?
Gambling with an edge can be done on various types of gambling if you are skilled, but its still gambling.
And even if u use BR management u cant really know that you are a winning player before u have made the gamble to try it out.
Yes, In my opinion Poker is gambling because the outcome of any single bet is not certain for that specific result.
I agree that it could be defined as gambling with an edge, but it is still gambling. Anyone who says it is not gambling is just fooling themselves.
GL, Marcus. | | Static Link |
| Posted by: pluntzky at October 13, 2006, 3:18 am | | Topic: It appears you are from xxxx - leave BW.com -- WTF?? Forum: Bonus Whores | I have no idea why people try to argue that poker aint gambling, if it wasnt, then sportbetting wouldnt be gambling either, because its a game of skill, and neither would videopoker, blackjack etc etc. Not mutch left then. Or how about selling odds on a pokerhand on a odds-exchange?
Gambling with an edge can be done on various types of gambling if you are skilled, but its still gambling.
And even if u use BR management u cant really know that you are a winning player before u have made the gamble to try it out. | | Static Link |
| Posted by: mike_m235 at October 14, 2006, 1:50 pm | | Topic: It appears you are from xxxx - leave BW.com -- WTF?? Forum: Bonus Whores | Marcus Tranter wrote: pluntzky wrote: I have no idea why people try to argue that poker aint gambling, if it wasnt, then sportbetting wouldnt be gambling either, because its a game of skill, and neither would videopoker, blackjack etc etc. Not mutch left then. Or how about selling odds on a pokerhand on a odds-exchange?
Gambling with an edge can be done on various types of gambling if you are skilled, but its still gambling.
And even if u use BR management u cant really know that you are a winning player before u have made the gamble to try it out.
Yes, In my opinion Poker is gambling because the outcome of any single bet is not certain for that specific result.
I agree that it could be defined as gambling with an edge, but it is still gambling. Anyone who says it is not gambling is just fooling themselves.
GL, Marcus.
I always tell people, starting with my wife, that I'm gambling. I'm gambling on the fact that most people in the w... | | Read Entire Entry |
| Posted by: ChuckTs at August 6, 2006, 7:27 pm | | Topic: Harrington on Hold'em Vol. 1 discussion: Part 4 Forum: Card Chat |
Pot Odds and Hand Analysis
Introduction:
What are the two key facts about assessing a bet and odds in gambling?
What is the real difference between gambling at a casino (roulette, craps etc) and gambling in poker in regards to odds?
Analyzing the poker bet:
What are implied odds and what are expressed odds (aka pot odds) and how do you calculate them?
Why does Harrington suggest that it is generally considered correct to call a bet that gives you slightly less than favourable expressed odds?
Hand analysis:
What is hand analysis?
What are the probabilities of hands against each other preflop in the 5 examples?
The problems and examples section for Hand analysis in this part is huge. This is something every great poker player runs through his head every hand. Very complicated stuff, and I was fascinated to read it.
Harrington really stresses pot odds as an essential ingredient to profitable poker, and this is a key s... | | Read Entire Entry |
| Posted by: SnakeNdGrass at October 13, 2006, 3:25 pm | | Topic: It appears you are from xxxx - leave BW.com -- WTF?? Forum: Bonus Whores | pluntzky wrote: I have no idea why people try to argue that poker aint gambling, if it wasnt, then sportbetting wouldnt be gambling either, because its a game of skill, and neither would videopoker, blackjack etc etc. Not mutch left then. Or how about selling odds on a pokerhand on a odds-exchange?
Gambling with an edge can be done on various types of gambling if you are skilled, but its still gambling.
And even if u use BR management u cant really know that you are a winning player before u have made the gamble to try it out.
So basically every casino is gambling everyday on whether they will make money or not.
Everything you do is gambling. If I take a job tommorow, I am gambling that a better job will not come up. If I walk my dog, then I am taking the gamble that a semi wont plow me into the road. etc. etc.
Poker is gambling, along with everything else that you do.....next the stock market, eating ice cream, porn, and walking my dog will be ... | | Read Entire Entry |
| Posted by: Boltneck at December 12, 2007, 12:10 pm | | Topic: Newbie Setting Poker Goals Forum: Card Chat |
Quote: Originally Posted by Black Panther
I have always had an interest in gambling and probability. I have studied other forms of gambling, however because I am generally a conservative punter
Hi BP and welcome to Card Chat.
Your initial goals sound quite reasonable to me, though don't be too disappointed if you don't quite meet them. I'm not sure what the exact figures are, but there are far more loosing players than winning players out there. To be a break even player from the start would be a ery reasonable achievement.
With regards to the games that you play, I'd say 15c / 25c FL is a little high for your Bankroll (you really need $75 to be playing 15c / 25c FL, perhaps more as you are a complete novice). 15c / 25c NL is FAR too high (you need a BR of $500 to be playing that level).
With regard to your comments regarding other forms of gambling, an aquaintance of mine is a professional gambler. There is only one rule if you are gambling for prof... | | Read Entire Entry |
| Posted by: Rossta at January 15, 2008, 4:40 am | | Topic: Four Dogs Hold'em Out Chart Forum: Card Chat |
Yes you seem to be correct. This chart is just showing what your odds to win are post-flop, assuming you know what cards you need. What this is mainly used for is to apply it with pot odds. Pot odds means that if there is one dollar in the pot and you have to call 10 cents to stay in, you are getting 10-ro-1 pot odds. If you need to hit 5 outs by the turn or river, your odds are 20% or 4-to-1. Therefore, the right option here would be to call because the pot is offering you better odds than your odds to hit a hand.
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| Posted by: Got2Bet at May 23, 2002, 8:20 pm | | Topic: What are the Odds? (For PlusLotto Fans) Forum: Winner Online |
Umm... damn... that is totally unbelievable!
The odds of that being a typo are WAY lower than the odds of that happening in consecutive draws!
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Spearmaster
Got2Bet - Online Gambling News and Information
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| Posted by: johnnyvegass at April 4, 2007, 3:15 pm | | Topic: River Belle not paying $8,000.00 Forum: Casino Meister |
Quote: Originally Posted by LRDell
Yes I have. At least two times in the last 4 weeks.
I also got my funds back in the Riverbelle account and they are already one their way to Click2Pay.
But ya'll could keep staying away from BelleRock - I really have been enjoying my odds (and my winnings) lately.
What does the last sentence there mean? Enjoying your odds? that has nothing to do with people not gambling on there lately. Its the luck of the draw which is generated by a RNG (random number generator) . The RNG doesnt have a brain so it doesnt know how many are gambling on the site an any given time, nor does it matter. I dont know what u are trying to say. You couldnt possibly believe your good fortunes as of late are due to fewer people playing , do you?
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| Posted by: FinalTable at December 27, 2006, 10:41 pm | | Topic: Poker Math Forum: Card Chat |
I've been playing for a little while now and trying to learn as much as I can. Never knew there was so much to it...just played gut feeling. Obviously, not doing too well.
So, here is my problem. I understand how to calculate pot odds (if pot is 100 and the bet to you is 10, then you are getting 10:1 odds. If your bet is 50, then you are getting 2:1 odds).
I also know how to calculate outs.
What I get confused on is what's better than what. If I have a 3:1 chance of hitting my draw...then my pot odds would have to be what? Better than that...so if I'm getting 4:1 or better (5:1/6:1/etc...) then good call.
Okay, so what if you are getting 2:1 pot odds...and you have a 3:1 draw, then you should NOT call - right?
Well, I play ppl where most don't know that. So they often bet so high that I rarely get the pot odds I need post flop.
Given that, I can't always use the odds as a hard and fast rule. If the pot is 100, and they bet 100...now it cost me 100 ... | | Read Entire Entry |
| Posted by: jaketrevvor at November 29, 2007, 11:25 pm | | Topic: Do the best MTT players gamble more??? Forum: Card Chat |
OP surely has more to do with FE than gambling with bad odds?
But as usual I agree with AG (safest option ) in that the best build a stack through small ball when they can - apart from in turbos where gambling early is more important usually yadayadayada.
Ah well I probably wouldn't listen to me anyway the last time I got to HU of a big MTT was almost 2 months ago
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| Posted by: Bombjack at December 4, 2006, 8:24 pm | | Topic: How often do you chase against the odds? Forum: Card Chat |
You're asking how often I call against the pot odds - like Combuboom, the answer is I do when I'm getting the right implied odds. The pot odds are really only for the next card, so if I'm on a flush draw, pot odds say 4:1. But I'm calling a half pot bet on the flop which only gives me 3:1 in terms of pot odds. I called a smallish bet on the Turn yesterday with just a gutshot because I reckoned I'd stack my opponent if I hit (I didn't), despite needing 10:1 according to the pot odds.
So my answer is... often. (BTW it's often because I know what I'm doing, not because I'm loose!)
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| Posted by: GaryWatson at January 6, 2008, 3:24 pm | | Topic: Were they right to do so? Forum: Casino Meister |
I was just flicking through the wizards of odds & saw a funny thread that holds true in my eyes.
http://wizardofodds.com/gambling/tencom.html
Check out No1. It works both ways. Gambling rules come under what is know as a gentlemans agreement
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| Posted by: Got2Bet at March 1, 2002, 4:30 am | | Topic: Odds for progessive? Forum: Winner Online |
There are no fixed odds for any slot machine that I know of. The short answer is simply because they are random - or at least they're supposed to be.
By the way, the odds on any 6/49 Lotto game is nearly 14 million to one, not 8 million.
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Spearmaster
Got2Bet - Online Gambling News and Information
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| Posted by: ChuckTs at March 28, 2006, 12:51 pm | | Topic: Poker odds question #1 Forum: Card Chat |
I'm going to try to post a simple pot odds/implied odds question for the intermediate player like myself to keep up his practice every other day or so from now on.
Feel free to answer the question with the math to show how you did it.
Question #1 (10/20 LHE):
(don't consider implied odds for this one, i'll start out simple)
You're in late position of a 4-way pot (including both blinds) with QTo
Flop: A-J-4 rainbow
1st player bets and all call to you
What is your move based on pot odds and why?
if you need hand odds, or odds information:
Nice outs/odds chart
http://www.cardschat.com/poker-odds-...plied-odds.php
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| Posted by: ChuckTs at December 28, 2006, 12:02 am | | Topic: Poker Math Forum: Card Chat |
Quote: Originally Posted by FinalTable
I've been playing for a little while now and trying to learn as much as I can. Never knew there was so much to it...just played gut feeling. Obviously, not doing too well.
So, here is my problem. I understand how to calculate pot odds (if pot is 100 and the bet to you is 10, then you are getting 10:1 odds. If your bet is 50, then you are getting 2:1 odds).
I also know how to calculate outs.
What I get confused on is what's better than what. If I have a 3:1 chance of hitting my draw...then my pot odds would have to be what? Better than that...so if I'm getting 4:1 or better (5:1/6:1/etc...) then good call.
Okay, so what if you are getting 2:1 pot odds...and you have a 3:1 draw, then you should NOT call - right?
Well, I play ppl where most don't know that. So they often bet so high that I rarely get the pot odds I need post flop.
Given that, I can't always use the odds as a hard and fast rule. If... | | Read Entire Entry |
| Posted by: Four Dogs at June 5, 2005, 2:04 pm | | Topic: Questions for the more advanced players Forum: Card Chat |
Quote: Originally Posted by VegasGrinder
The odds of gettin a specific hand 2 times in a row will always be larger than just getting it once. This is with anything in life that have mathmatical odds.
To make it simple. If you have 10-1 odds on something. The odds of you getting it 2 times is 20-1. The odds of getting it 2 times in a row would be even larger.
Not quite. If the odds of something happening are 10:1, the odds of it happening again are 100%. The odds of it happening consecutively are 10:1 x 10:1 = 100:1
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| Posted by: hhcfreebie at August 11, 2003, 10:40 am | | Topic: Who has experiences with Intercasino Roulette? Forum: Winner Online |
Once again I am wrong.
There is an error (I timed 310 instead of 309) on my calculation so to hit 1 times in 310 spin the chance is 1 in 464.75 (37 wheel) and 1 in 567.15 (38 wheel). You are exactly right.
To get to the odds of hit 1 times or less, my result is still different than yours. it's 1 in 415.2 for 37 wheel and 1 in 508.14 for 38 wheel.
I calculate the odds of hit exactly once and hit none then add them together. For example for 37 wheel it's 0.215% for 1 time and it's 0.02568% for zero times, adding the two number to get the chance as 0.24085% then divide 1 with the chance to get an odds of 1 in 415.2.
I don't use combin as I prefer to use raw formula instead. My formula is posted above as a link.
I'll recheck my calculation about the odds of 6 times in 1000 (37 wheel) when I get home.
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online gambling "watcher".
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| Posted by: jazz123 at October 22, 2001, 10:45 pm | | Topic: Don't play at Sci-Fi!!! Forum: Winner Online |
The_CPA,
Thanks for the understanding. It's not that I don't want to post my game play, but simply the file is too big to post (~600k). If any media or groups want to have a look, I am more than glad to provide it. Here is part of it (less than 2% I shall say), and it would be the "pattern" I played with.
Player ID Game # Date/Time Total Bet Point Die1 Die2 Total Payout Continuing Bets Bets
--------- ------- ---------------------- ----------- ----- ---- ---- ------------ --------------- ------------------------------------
xxxx 34614 9/1/01 6:59:23 PM $10.00 0 4 5 $0.00 $0.00 Pass($10.00)
xxxx 34615 9/1/01 6:59:30 PM $30.00 9 1 6 $0.00 $10.00 Pass($10.00) Pass Odds($20.00)
xxxx 34616 9/1/01 6:59:36 PM $10.00 0 4 4 $0.00 $0.00 Don't Pass($10.00)
xxxx 34617 9/1/01 6:59:44 PM $40.00 8 1 2 $20.00 $10.00 Don't Pass($10.00) Don't Pass Odds($20.00) Don't Come($10.00)
xxxx 34618 9/1/01 6:59:52 PM $40.00 8 3 5 $0.00 $30.00 Don't Pass($10.00) Don't Pass Odds... | | Read Entire Entry |
| Posted by: vegascasinomaster at January 13, 2002, 8:07 am | | Topic: Holy Grail. Forum: Winner Online |
You are an idiot. thats why i live in egas and make a living gambling AND YOU DO NOT, AHhahahahahahahahahaha. Roulette never follows the odds stupid.......if it did then once in a while all the numbers would hit once in every 38 spins, JUST LIKE THE ODDS SAY THEY WILL. BUT THAT NEVER HAPPENS. GO AHEAD AND TRY. Record 1292 spins as example, each number according to the ODDS should hit 34 times. I BET YOU CAN NOT EVEN GET 10 OF THE NUMBERS TO HIT 34 TIMES.........HEY WHATS WRONG???? WHAT HAPPENED TO THOSE ODDS OF YOURS??? There is no memory in roulette, so the numbers do not know the odds. That 5 that just hit 3 times in a row broke the odds. the 34 that has gone 145 spins in a row without hitting once just broke the odds. WHY? I have 7 testers from the letstalkwinning board testing thousands of spins on this, and myself, and 1 using the zuma testing book. ARE WE ALL WRONG? WELL IF I AM WINNING, AND EVERYONE WHO PLAYS THIS METHOD IS WINNING, THEN BEING WRONG IS GOOD.
PS. ANY PERSON WHO JUDGES SOMEONE... | | Read Entire Entry |
| Posted by: ChuckTs at March 29, 2006, 8:49 am | | Topic: Poker odds question #2 Forum: Card Chat |
Question #2 (10/20 NLHE):
(again forget about implied odds until i mention it, unless you really want to, be my guest)
Someone has raised 4XBB before the flop with what you are almost %100 sure is a middle pair (99-77, for whatever reason you have a perfect read on him) and one player has called as well as you with KQo, from the button. Both blinds fold.
Flop comes: J-T-6 rainbow
Preflop raiser then bets $135, preflop caller folds, and it's up to you.
What is your move based on pot odds and why?
again, if you need hand odds, or other odds information:
Nice outs/odds chart
http://www.cardschat.com/poker-odds-...plied-odds.php
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| Posted by: hhcfreebie at August 20, 2003, 10:31 am | | Topic: Who has experiences with Intercasino Roulette? Forum: Winner Online |
They close your account because
(1) you cause more trouble than they can tolerate.
(2) they think you are an addictive gambler and close your account in good faith.
Since you are more likey to loose much more money anyway, you are actually the only one who benefit from their decision.
A really evil casino will give you more bonus to lure you back and loose even more!
If you spent some time to learn how to calculate odds, you will quite gambling at once.
Stocks and Bonds are far more profitable than gambling.
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online gambling "watcher".
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| Posted by: titans4ever at September 27, 2007, 11:05 pm | | Topic: Best form of gambling Forum: Card Chat |
Quote: Originally Posted by pigpen02
Then I guess you agree with the port security act rider.
How do you define a game of chance? Gambling is playing games of chance, right? Poker is gambling, right? Guess you win every hand you play.
In my book any game of chance is a game that doesn't play to absolutes most of the time. Most hands in poker range between 50/50 to 65/35 before you see the flop. Once in awhile you can get better odds. Is this not chance? There are no 100% win hands in poker. There for you are playing odds no absolutes. Therefore it is a game of chance.
Skill does come into the equation poker. You decide when to stop. You can let hands go once you are behind and staying in while you think you are ahead. There are ery few times you truely hold the nuts that won't be changes with the next card. So you are always hedging edges and not absolutes.
How do you think it is not is not a game of chance? We have a whole section dedicated to c... | | Read Entire Entry |
| Posted by: mike_99 at April 28, 2002, 8:04 pm | | Topic: 1cnp FIASCO: help! Forum: Winner Online |
Quote: Originally Posted by tedm:
Yeah. I guess 'tadm' agrees that the people who deal with Winneronline.com and Casinomeister aren't representative of the online gaming community.
Why not add G2B, Wizard of Odds, RGT, CPA, B2G, and the OPA to your list of one-man formus while you're at it?
tedm, you're right! The above forums have nothing common with gambling community. They have a lot of common with gambling industry, especially with Casino owners. They serve only gambling industry and not gamblers.
I believe that you're smart enough to understand it without my comments.
Mike
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| Posted by: t1riel at November 25, 2005, 2:22 pm | | Topic: Have you ever seen this? Forum: Card Chat |
Wow, what are the odds of that? (no,s eriously. Can anyone figure out the odds of that?) As much as I like A, 10, I would have folded with six people going all in. Sure, it's tremedous pot odds but the odds of you winning are slim. It's a good thing you did too!
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| Posted by: Bentheman87 at December 4, 2007, 3:01 am | | Topic: How big pot odds do you need to call preflop with a small pair? Forum: Card Chat |
If you have 22 - 55 and there's a preflop raise, and you and your opponent/opponents are deep stacked, so you have big implied odds. The odds of hitting a set or quads is about 8:1, but usually you won't need nearly that much pot odds to call since you'll probably double up later in the hand if you hit your set and your up against a big pair. So about how big of pot odds do you need?
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| Posted by: Cheetah at November 14, 2007, 7:27 am | | Topic: How to stay consistent Forum: Card Chat |
belladonna05, try to automatically consider calling as the last option. It often is the least attractive.
If first to act, the first choice to consider should be bet, then fold, and then open-limp(or check).
If there is a bet already, calling is the strongest actions of all and should be done only with ery strong hands or when the odds are correct.
If you are callilng too much, you are probably not getting the right odds.
I am ecnlosing a small odds chart you can post on your monitor. I created it when I first started playing poker and it is still on my monitor. You can always consult it and make sure you are not making bad calls.
The Odds 1 column are the pot odds with one card to come. Say on the flop, the odds to hit your draw on the turn.
The Odds 2 column are the pot odds with two cards to come. Should be considered only if you or your opponent is all-in.
In NL you can of course call with smaller pot odds due to implied odds. Neverthel... | | Read Entire Entry |
| Posted by: Got2Bet at October 25, 2001, 7:10 pm | | Topic: Twin Aces is a crooked operation! Forum: Winner Online |
Djeff -
To put it bluntly, that sucks big time. The odds against that happening are astronomical, perhaps.
But assuming that the table is single zero, the "coin" is always weighted 19-18 against you - and of course if it is double zero you have 10-9 against. In my run of 26+ non-Sixes there is no bias whatsoever.
I'd have to ask an actuary to calculate the odds - but I don't think that would necessarily qualify as impossible. Improbable, definitely.
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Spearmaster
Got2Bet - Online Gambling News and Information
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| Posted by: Chris_TC at January 31, 2008, 8:18 am | | Topic: Set Mining Forum: Card Chat |
Quote: Originally Posted by Bentheman87
So it makes sense we can call with odds a little worse than 8-1 doesn't it?
You're confusing something there. The 12:1 rule is not about the pot odds, it's about the implied odds.
If somebody raises to $5 at 100NL, then his stack should be at least $60 big (i.e. 12:1 implied odds) for you to call with a small pair. Note how your pot odds in this example are only 1.3:1 (blinds = $1.50 + $5 raise = $6.50 / $5 = 1.3)
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| Posted by: realwtfsup at April 30, 2006, 10:56 am | | Topic: Mathematical Proof that English Harbour is cheating Forum: Casino Meister |
Looked up Odds On software on Wizard of Odds site. This is right on top.
Quote:
Disclaimer: Let it be known that I have served as a consultant to Odds On. This review attempts to be unbiased and mostly sticks to the game rules, odds, and strategy. While I feel comfortable there is no conflict of interest I think it is appropriate to disclose the relationship.
Odds On has a good selection of games, with many games unique to Odds On. The odds ary from stingy to competitive depending on the game. In general the games of skill tend to offer good odds (although blackjack is an exception) and games of luck are more tight.
Will see what he has to say about there software now. I am convinced they are a cheating software.
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| Posted by: Dorkus Malorkus at June 10, 2006, 6:55 pm | | Topic: Chasing a flush pot odds Forum: Card Chat |
Factoring in implied odds and the fact you may sometimes win without hitting the flush you need around 3-1 odds to call with a flopped flush draw. 3-1 odds corresponds to a half-pot size bet.
Flush chasing without proper odds is a huge leak that you need to fix. Pot-sized bets only give you 2-1 odds to chase, so in the long run you are losing money by calling them.
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| Posted by: tenbob at October 27, 2006, 12:02 am | | Topic: Am I playing too tight??? Forum: Card Chat |
Quote: Originally Posted by Dorkus Malorkus
This makes no sense. Pot odds are pot odds, regardless of the likelihood of illain calling. If you bet enough so as to not give illain correct odds to call, then, umm, he's not getting correct odds to call, and that's it. Why would you not want him to call when he's not getting correct odds to do so anyway?
THINK ABOUT IT CHRIS !!!!!!!!!!!!!!!!!!!!!!
Its not a cash game. Why do this, why lay odds to someone in a tournament ?
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| Posted by: robwhufc at July 14, 2006, 10:12 am | | Topic: Competition for Fun Forum: Card Chat |
Quote: Originally Posted by Welly
BTW, I have a range of bets which I am hopeful about, but how about this for the worst odds ever :- Royal Flush to be the winning hand in the WSOP main event 175-1 LMAO
That's horrific, but it's not the worst odds i've ever seen. Victor Chandler quoted Johnny Moss at 100/1 for last years WSOP - he's been dead for about 10 years!
Have you got details of the site (or a link) - i'll email that to a gambling magazine i subscribe too - I wonder if they'll offer odds on the flipside of that bet? (i.e 1/300 that the winning hand ISN'T a Royal Flush).
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| Posted by: legman2 at October 2, 2006, 9:12 pm | | Topic: Pot odd's talk Forum: Card Chat |
*This article explains Pot Odds and the Odds of your hand and how they relate. I'm doing this because alot of people always have questions and I thought I would make a good post so no one has to ask anymore . I tried to make the explanations as simple as possible. Enjoy!*
Pot Odds
What are Pot Odds?
Pot odds is the ratio of the pot size to the size of the bet.
To figure out Pot Odds it is ery simple:
If the pot contains: $36
The Bet To Stay In Is: $6
36/6 which is simplified to: 6/1 or 6 to 1.
Ok so now what?
Odds of Your Hand
We compare the Pot Odds to the odds of your hand. To figure out the odds of your hand you do this.
You have two cards and there are three cards on the board.
52-5=47
47 not seen cards
Out of those 47 cards you have your outs and the cards that you don't need. So for example if you have 12 outs that leaves with 35 cards you don't need.
So that makes the ratio of cards yo... | | Read Entire Entry |
| Posted by: 2muchMONEY at January 12, 2006, 8:34 pm | | Topic: pot odds, never agreed with it. Forum: Bonus Whores | sillypuppy wrote: Pot odds seem funny, and I guess I don't understand the people that advocate them based solely on odds. After all, the lottery is the best pot odds in the world! 1 dollar for a chance to win millions. Hell I should sell my house, car, everything I own and go all in. I'll probably still lose, but hey I've got GREAT pot odds! See what I mean? nope. the only thing i can see is that you are obviously not smart enough do understand the concept of pot odds...
eg the chance to hit the jackpot in the uk national lottery is 1 in 13,983,816
you don't have great pot odds you have poor pot odds.
EV = Potsize x Chance of winning – betsize
so lottery is defintely -EV
Again, where do you play?
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cya | | Static Link |
| Posted by: luckystrike at June 19, 2001, 5:10 am | | Topic: Hello folk! Forum: Winner Online |
Hello all you passionate gamblers and gambling fanatics! I'm a passionate like yourselves, and even though i have never posted in this board and I have a great impression of winneronline! My comments on online casinos are those:
I'm finding that the more the casinos improve the software, the more the odds are turning against the players. I will not name any casinos or software but that is my iew. That's why i'm limiting myself to old casinos (if you can really say that an internet casino is old) with good software but not necessarily sparkling software. That's why i'm turning to you folk - i'm searching for casinos that have good odds (and when i mean good, I mean fair which in turn means that the odds on Blackjack should be about 2% or less) Anyone got any suggestions...?
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| Posted by: aliengenius at February 1, 2008, 1:42 pm | | Topic: Set Mining Forum: Card Chat |
Quote: Originally Posted by Bentheman87
So it makes sense we can call with odds a little worse than 8-1 doesn't it?
Quote: Originally Posted by WVHillbilly
You need implied odds of 12:1. You certainly can't call with implied odds of less the 8:1. You're guaranteed to lose $$ by trying to flop a set without at least those odds.
Quote: Originally Posted by Chris_TC
You're confusing something there. The 12:1 rule is not about the pot odds, it's about the implied odds.
If somebody raises to $5 at 100NL, then his stack should be at least $60 big (i.e. 12:1 implied odds) for you to call with a small pair. Note how your pot odds in this example are only 1.3:1 (blinds = $1.50 + $5 raise = $6.50 / $5 = 1.3)
^^these guys covered it-- 8:1/12:1 IS talking about the implied odds, not the current pot odds. As to winning without flopping a set-- that would be nice, but I doubt your opponent is going to accommodate by checking the ... | | Read Entire Entry |
| Posted by: roundcat at June 2, 2006, 7:27 am | | Topic: Comprehensive odds chart for particular hands? Forum: Card Chat |
I did a search and came across the useful link ChuckTs posted (Nice outs/odds chart) with odds based on number of outs, but does anyone know of anywhere on the web -- or in print -- that shows odds based on the likelihood of making a particular hand?
An example is near the bottom of this page: http://wizardofodds.com/holdem. However, it only contains information about odds for 4 to a straight and 4 to a flush on the flop and turn. There must be a resource out there that covers more hands and the odds of making them. I need to work on calculating pot odds and would like to commit all this stuff to memory.
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| Posted by: PartTimePoker at March 28, 2006, 7:45 pm | | Topic: Poker odds question #1 Forum: Card Chat |
I like isolating direct odds as a way of teaching people how to consider hand odds s pot odds, but I think it's important to stress that implied odds are a critical part of determining correct plays in limit and that assessing them is a skill you have to develop to be a profitable player.
Chris
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| Posted by: biggambler at August 1, 2005, 11:23 pm | | Topic: fun mode vs real cash mode odds Forum: Winner Online |
Sorry to ask such a silly question, but I am new. I play in fun mode mostly. But is online gambling software programmed to be more "generous"/the odds are in favour of the player when playing in fun mode, as opposed to in cash mode. Are the odds the same or are they different in cash mode?
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