Online Poker Lesson: How To Use Implied Odds

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Implied odds are used in conjunction with pots odds, a calculation used to identify how large a bet you can call to reliably make a long term profit. Pot odds provide a 'definite number', a fixed amount that is the ceiling of your calling option. Implied odds increase this fixed number, by an amount proportional to the likelihood of the pot increasing during the rest of the hand.
For example, let's say there are four people in a hand, if you calculate that you have pot odds of 20% and the pot is 100 after the flop, you can only call 20. There is, however, a good possibility that one of the four players will bet or raise during the next betting stages (turn and river). So if you predict that a player will bet at least 30 on the turn, and you believe at least one more players will call - your implied odds are: pot odds (20%) x (pot value (100) + predicted increase in pot (60)). This means that the amount you can call has increase from 20% of 100 to 20% of 160, which is 32.
There is another strategy used in conjunction with implied odds, called 'betting your odds'. This involves making a bet on the flop, even if you don't have the best hand, so on the turn you will have better odds to call if you don't improve your hand.
This strategy works well because you have the chance of winning the hand purely from the bet you make, and if not, you have great odds to continue calling on the turn. Remember, once you've made a bet that money is no longer yours, it's in the pot - you can't think 'I've put 30 in the pot so I need to keep calling'. Any money in the pot is only yours if you win the hand, this seems to be a hard concept for amateur poker players to understand, but a vital one to grasp if you want to make a consistent profit from poker.
Pot odds and implied odds need to be used in conjunction with one another. To be a fully rounded, solid poker player you must research all the online poker tips on offer, to allow you to have the best chance of making a poker bankroll.
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