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How to Apply Odds Part 3

Written by admin on October 3, 2007 – 9:42 am

Let’s look at one more example of $10-$20. You raise in early position with J♥ J♠. Two middle players, the button, small blind, and big blind all call for a total of six players. The flop is T♣ 8♦ 8♥. It is checked to you, and you bet. One middle player, the button, and small blind call. Four players see the turn card of Q♦. The small blind checks and you bet. The middle position player raises and everybody folds to you. There is $220 in the pot. What do you do?

• Determine the number of discounted outs. Assuming the middle player is not a tricky opponent, your opponent has at least a pair of queens with a band like AQ or KQ. He might also have TT, 88, or A8. QQ is unlikely since he probably would have reraised preflop. Q8, J9, and T8 are unlikely since he probably would have folded to a raise before the flop. You have four outs 10 a straight and two outs to a full house. Your two outs to the full house are strong since the only two hands that would beat you are QQ and 88. Your four outs to the straight are relatively strong unless your opponent has QQ, TT, 88, or 98, QQ and 88 are unlikely, but TT is a decent possibility. Only a weak player would call a raise preflop with 98s. One other small possibility is that your opponent has QJ, in which case you would split the pot if a 9 comes. Therefore, I would only discount your six outs by one out to account for QQ, TT, 88, and QJ, and play the hand as if you had five outs.

• Calculate the pot odds. The total pot is $220 and the bet is $20, so your pot odds are 11 to 1.

• Calculate the implied pot odds. You should expect to earn another bet on the river if you improve. You might lose two bets on the river if you come out betting with the straight and lose to a full house. You might estimate that you would win $15 on average when improving; therefore, the implied odds are $235/20, which are 11.75 to 1.

• Compare the implied pot odds to the odds against improving your hand. 11.75 to 1 implied pot odds compares favorably to the 8 to 1 odds against improving with five outs.

• Determine your best strategy. Given the large pot, calling is correct.

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