Implied odds tell you how much money you expect to win after completing your draw. If you expect to win a lot of money in the next rounds then your implied odds are good. On the other hand if you don’t expect to win any more money then you have no implied odds.
There is no formula to calculate implied odds like you do with pot odds. You can only make an estimate of the odds as you play more and more depending on the situation and how good you can understand your opponents. What you can do is calculate how much money you need to win on the next rounds to see if a call is profitable.
There are two situations that you can be in.
- The times when you have good implied odds
- The times when you have little or no implied odds
Good Implied Odds
You have 10-J unsuited and the board comes 9-Q-4.
You have an open ended straight draw. Your implied odds if you make your straight are pretty good and you should be able to take more money from your opponent as the board is not clear and your opponent will not easily find out that you have a straight. In simple words even if an 8 or a K comes the boards will not be scary for your opponents.
Little or no implied odds
You have J-5 unsuited and the board comes 8-9-10.
You also have an open ended straight draw but this time the board is too scary. Even if you make your draw the board will make your opponents suspicious. Your implied odds in this case are bad.
Calculating implied odds
We said in the beginning that you can’t calculate the implied odds but you can calculate how much money you need to win on future betting rounds to determine if a call is profitable. Here is how you do it.
You subtract your pot odds from your draw odds (If you don’t remember how to do it read Poker pot odds). The ratio that you get will be compared with the amount you have to call to figure out how much money you need to win on later rounds.
Example of calculating implied odds
You have a flush draw and your opponent bets $20 in to a $40 pot. This means you have to call $20 to win $60.
Your pot odds are 3:1
Your draw odds are 4.1:1 (you have nine outs out of 38 possible cards that are good for you. about 24%. Check Poker odds chart).
Draw odds – Pot odds = 1.1:1. You now multiple 1.1 by the amount you need to call which is $20 in our case. This gives us $22. This is the amount that you need to win on future rounds.
- You can afford to call even if your pot odds are not correct when your implied odds are good.
- You should stick to the pot odds if you have no or little implied odds.
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