Poker basics involve understanding odds and all the various mathematical calculations you can make to reap the benefits of the casino game. Once you understand things like pot odds and implied odds, you can make better decisions during any given hand, and you’ll also play more profitably.
When you’re playing online poker, you’ll probably have noticed that draws are quite a common situation. This means you have 4 cards towards a straight or flush. In order to play draws profitably, you must first understand odds:
- Percentages of your hand improving
- Pot odds
- Implied odds
Let’s take a look at what poker odds, pot odds, and implied odds are, and how you can apply pot odds to help you win when you play poker online for money.
What are poker odds?
It is the probability that you can expect to win or lose, or better yet, the price on offer. When you’re playing poker online, the poker odds can specify how often you would need to have the best hand to call a bet. This poker basic is a great tool to have for a winning poker strategy. If you want to create a profitable plan, you will need to know the odds to assess the current situation. It can take some practice to get the hang of it, but once you’ve conquered the odds, you will be able to play poker more confidently.
Know the basics of ‘’outs” in poker
In poker games online and at land-based casinos, an “out” is any card that comes on a later street that will help you improve the strength of your hand. If you know the number of outs a player has, it will tremendously help your poker strategy.
How to use outs to calculate your odds
In order to calculate your poker odds, you will need to know your outs. For example, if you are on a flush draw with your hand, it means there will be nine hearts (outs) remaining in the deck which will give you a flush. A quick calculation: 13 - 4 = 9
You can easily calculate the odds you’d have of improving your hand on either the turn or river. You would have to realize that after the flop, there are 47 unknown cards in the deck. You can divide the number of outs you have by the total number of unknown cards in the deck, you will see your chances of improving on the next card.
What are pot odds?
In online poker, pot odds are the ratio of the current size of the pot to the cost of a contemplated call. This comes in handy when you’re on a flush or straight draw. Knowing how to work out the pot odds basics will let you know whether to call or fold, depending on the size of the bet. The perfect position to be when it comes to poker online is to have great pot odds. Why? Well, you’ll only have to give a small amount in order to potentially win a big pot.
What are implied odds?
Implied odds take into account the money you could potentially win on future streets if your draw hits. Implied odds will show how much extra money you need to make on the next street. This is a good way to justify whether you should continue with a hand to improve your chances of a winning hand on the next card.
You will need to calculate your pot odds when facing bets and raises. Good implied odds means you believe you can win more money from your opponent after you hit your draw. However, if you predict you won’t be able to get any more money from your opponent on future streets, this means you have little or rather no implied odds.
Calculating implied odds
By using logic, you can calculate the minimum amount you require to win on future streets. This way you can justify an unprofitable or profitable call. Calculating your implied odds is simple. You will need to subtract your pot odds from the odds of hitting your draw to work out your required implied odds. You will get a new ratio that can be compared to the amount you have to call so that you can work out how much money you need to take from your opponent later to make the call profitable.
Therefore, you will need to know three variables, including your hand’s equity versus your opponent’s betting range, the size of the pot after your opponent raises or bets, and how much you have in order to call at the current moment.
By using the implied odds calculation, you can calculate additional factors that will enhance your mathematical and decision-making abilities:
- You can work out if it is profitable to call if your opponent is only going to call a future bet a certain percentage of the time.
- You can calculate the exact amount of money you’d have to win on a future street in order to make your current call profitable.
When you’re playing real poker online, you are likely to encounter complex situations. Most times, it can be hard for a player to process and calculate pot odds efficiently. However, having a basic understanding of poker odds is imperative to playing both online poker and live games. When you’re playing poker online for real money, always remember to count your outs, and check in to see how your pot odds compare to your winning odds. Over time, it will become second-nature and help you win at poker games online.
Play online poker at BetMGM
Test out your implied odds calculations at BetMGM when you play poker online. BetMGM offers exciting online poker tournaments for you to enjoy. With your newly acquired poker odds strategies, you will be on your way to potentially winning big.