It is very important to know pot odds in a poker hand. The reason for that is the fact that these pot odds will help you apply your betting strategy and will direct you to the decision that will increase your chances of winning the game. Pot odds is the ratio of the amount of money already placed in the pot all players to the amount of money that you will need to place as a bet so you can continue to play. For example, if the pot is worth $100 and you are required to bet at least $20 to stay in the game, the pot odds are 5 to 1 (simplified ration of 100 to 20). The larger is the pot odds ratio, the more attractive is the call solution in this particular game state.
There are several ways to use pot odds in your game strategy. For example, let’s say that you have a hand that has a potential to become very good if the right cards comes along in the next round. What should you do? First you should check if it is worth to continue the game and place another bet. If you determine that the odds of getting the necessary card are 4 to 1 against you, you should bet only if the total pot amount is 4 times larger then the bet amount.
Another example would be the following. Let’s assume that the odds of getting the necessary card are 4 to 1 against you. If the game pot might pay 10 to 1 on the wager that you will place, you should take the risk and place the bet. Also if the game pot might pay 15 to 1 on the final bet, you can analyze the probability that your opponents will have a superior card combination as compared to your hand. If you think that this probability is less then 1 to 15, you should bet.
It is important to know hot to calculate the pot odds using different methods. Here is another way to do that. You will need to analyze your cards and possible winning combinations based on the needed cards. After that you will need to add up the number of outs (cards that can make your hand combination more superior) that you possess. You can calculate the probability (percentage value) of getting the out card in the next round taking your total number of outs, multiplying it 2 and adding one to the result of the multiplication. You can take this probability and multiply it the total amount of the bet plus the pot value. This is the maximum bet that you should place if you want to continue the game.