In your first approaches to poker, you have probably limited yourself to understanding what odds are and how to calculate them, but soon the game will require you to spend more time and study more deeply the role of odds, as well as their types.
Implied odds are, for example, a subtype of odd that take into account the size of the pot and the money we can get in subsequent bets. Like all odds, they are there to be calculated, the outcome of which will determine our game, so you should know all about implied odds, how to calculate them and how to master them.
As we said, implied odds are the probabilities that take into account not only the size of the pot, but also the potential profits we can aspire to in later stages. They have a significant importance in Omaha High and High-Low poker, especially in its Pot Limit variants.
Contrary to what many people think, mastering implied odds requires technique. This is because, as we will see below, several steps are required to proceed to the proper calculation of implied odds. These processes will be discussed in detail in the next section.
There are situations in which, without a stack to support us, we will have to rely on pot odds to justify the payment of our bets. In other words, we go without anything to justify our play. This is extremely delicate, almost like flipping a coin, since we will lack the necessary data to support our decision.
Implicit odds are of vital importance in No Limit games, because when you enter a hand, you can put your entire stack at stake. As there is no limit, you risk up to your last chip, and you can find yourself out of the game with a bad move.
Let's get to the heart of the matter. To calculate the implied odds, you have to follow, roughly speaking, three basic steps: calculate the odds from the outs, calculate the pot odds and make an estimate of how much the villain can pay us.
The outs are cards with enough potential to make us win the hand, that is, those cards that we expect to get to finish our project and end up making the best hand.
Thanks to the so-called "2 and 4 rule", these cards can be converted into percentage values. Each of the outs translates into a 2% chance of completing a play from street to street (from flop to turn and from turn to river), and a 4% chance of completing the play between the flop and the turn.
When calculating the implied odds, we have to take into account what is the bet we have to call, and what is the percentage relation of that call with the pot. This will allow us to know what probabilities we have of hitting our objective play.
Normally we need the odds of completing our hand to be greater than the relationship between the pot and the bet to call in order to justify the call. But we will also have to consider the amount of money we can win if we tie the best hand and make the opponent pay us, that is, to obtain an estimate of the implicit odds.
When we already have the pot odds, we must calculate how much money the villain can pay us, since these are potential profits that we must take into account. We will also calculate how much per hundred of the time he would pay, an important data.
But these values are estimates, so they are only a mere reference and not so much an exact mathematical value on which we must base our game. In addition, this third step is the most complex of all, so you should be careful with these estimates.
There are several key aspects that you should always keep in mind when calculating implied odds. These are as follows:
If you were interested in this article, do not miss these posts to complete your knowledge about implied odds:
In Habwin we were fortunate to attend the last CEP at the Casino de Barcelona. There we were welcomed by the poker manager of the room, Raul Horta, a former poker player and great professional of t...
Professional poker players can reach a level of professionalism that allows them to make their hobby their way of life.Being able to use technique and experience as a tool to be able to make a livi...
WORLD SERIES OF POKER returns for 2022/2023The World Series of Poker is back in less than a month to kick off its 18th season. The World Series of Poker (WSOP) has 25 stops so far including Horsesh...