Let’s look at another example of $10-$20. An early and middle position player call. You call on the button with A♣ 5♣. The small blind calls and five players see the flop of K♣ 9♣ 4♦. The small blind bets and the big blind folds. A strong player in early position raises. The middle position player folds. What should you do?
• Determine the number of discounted outs. The early position player most likely has a pair of kings and might have 99. The small blind most likely has a pair of kings, K9, 99, 44, or possibly a flush draw. You have nine outs to the nut flush and three ours to the ace. If one of your opponents has a set or two pair, you could hit your flush and possibly lose to a full house; therefore, a small discount I needed. An estimate might be to discount your flush draw from nine outs to eight outs. Your three outs to the ace need to be discounted since you would lose to AA,
KK, 99, 44, AK, A9, A4, K9, K4, 94, and for the possibility that someone hits a better hand on the river. Again, (his is a matter of judgment, but you might estimate that a pair of aces would win about 33% of the time; therefore, you could discount your three outs to one out. As a result, I would play the hand as if J had nine discounted outs.
• Calculate the pot odds. The total pot at this point is $80 (five players paid $10 to see the flop + $10 bet on flop by the small blind + $20 raise by the early position player). You face a bet of $20, so your pot odds are 4 to 1.
• Calculate the implied pot odds. If you hit the flush on the turn or river, you can expect to gain some extra bets, especially if one of the players has a set. Since there are two opponents in this hand, you might expect to gain at least one big bet on the turn and one big bet on the river for a total of $120 ($80+$20 + $20). Your implied odds are 6 to 1 faced with a $20 bet. Note: A big bet is the amount of a bet on the turn and river, compared to small bets on the first two rounds of betting.
• Compare the implied pot odds to the odds against improving your hand. Nine outs are 4 to 1 against improving, which are equal to the pot odds of 4 to 1; however, your odds compare favorably to the implied pot odds of 6 to 1.
• Determine your best strategy. Calling is profitable. Raising is a consideration to try to buy a free card.
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