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implied odds



Posted Wed Mar 21, 2007 9:25 pm GMT by Moon_Child
what exactly is it?
all i know is if, let's say you are calling on a open ended draw... and i know if i hit, they will pay me off because that person wont let his hand go?

i have no idea what im talking about...
some help?
does it have to be more than 1 person?


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Posted Wed Mar 21, 2007 10:47 pm GMT by snoogins47
In a nutshell, implied odds/reverse implied odds is nothing more than giving names to the fact that what may happen on future betting rounds is an important factor in deciding what you should do on this one.

By naming it like this, it probably makes everybody way more confused than they should be.

Simple exercises using fabricated stupid examples just to illustrate the concept:

1)You're playing NL Hold'em with EDIT: $50000 stacks. There's $100 in the pot. Your opponent bets $500. You have a gutshot straight draw to the nuts. Your opponent says 'If you call, I'm all in on the turn regardless' and you know he's telling the truth, and he then shows an overpair.

It doesn't take much of a brain at all to figure out what to do in this situation. You have huge implied odds.

2)Pretend you have the overpair in the above situation.

Well, lookie there, them's be reverse implied odds.

The rest will come naturally when you start thinking about it. You'll see why you'll want to chase long shot draws with deep stacks, if you believe your opponent has enough of a hand to stack off if you hit and the stacks are big enough. You'll see why hands like middling overpairs can be annoying as hell.

Just remember


Future possibilities dictate present strategy.

And you'll be fine.

NOTE: My initial post used $5000 as the stacks in example 1. That sucked. Therefore my initial post sucked.



Posted Wed Mar 21, 2007 11:51 pm GMT by TheSalche
RIO is a concept more applied to a situation where say you're drawing to a straight, villain is drawing to a flush, and theres 2 cards in the deck where you both hit, and he's probably getting your stack. Same thing with flush draw vs. a set ... one card is pairing the board for the flush, but villain gets the boat there and you lose monies.


Posted Thu Mar 22, 2007 10:22 am GMT by Moon_Child
wow... thanks. it was more complicated than i thought it to be, haha...

this might help me game a little bit more..



Posted Thu Mar 22, 2007 8:30 pm GMT by snoogins47
TheSalche wrote:
RIO is a concept more applied to a situation where say you're drawing to a straight, villain is drawing to a flush, and theres 2 cards in the deck where you both hit, and he's probably getting your stack. Same thing with flush draw vs. a set ... one card is pairing the board for the flush, but villain gets the boat there and you lose monies.


Well still, the general idea is that some situations can come up on future streets where you're going to pay people off. Like, when you're not sure if you have the best hand, it's probably good enough based on immediate pot odds to call, but you know you're gonna have to face a river bet as well... or like you said, if you've got a hand that's strong enough to pay off somebody when they hit their draw. General rule of thumb is that a situation where your opp has positive implied odds on you is one where you've got reverse implied odds. But I kinda hate the whole terminology thing anyway.



Posted Thu Mar 22, 2007 10:48 pm GMT by tame_deuces
Implied odds is how much you will win if you hit (which you won't) and reverse implied odds is how much you'll monkeytilt off when villain hits (which he will).


Wink



Posted Fri Mar 23, 2007 1:19 am GMT by Moon_Child
nice use of terms, LOL


Posted Fri Mar 23, 2007 8:29 am GMT by shorn7
Quote:
1)You're playing NL Hold'em with $5000 stacks. There's $100 in the pot. Your opponent bets $500. You have a gutshot straight draw to the nuts. Your opponent says 'If you call, I'm all in on the turn regardless' and you know he's telling the truth, and he then shows an overpair.

It doesn't take much of a brain at all to figure out what to do in this situation. You have huge implied odds.


Ummm. Hate to knock the example given, but this one doesn't work entirely. Assuming that your opponent has a $5k stack as well, then your total win is $5100 to call $500 or a bit over 10-1. So, not the 11-1 to make your straight. The real problem comes in when you will have to pay MORE $$ on the turn to get to the river (as you will in this case). So in effect, your odds on the given hand will be $5100/$500 ONLY ON THE NEXT CARD. If you miss the turn and he pushes (as he has stated he would), then you will have to fold (since the turn odds will be $5600/$4500 or 1.25-1).



Posted Fri Mar 23, 2007 8:30 am GMT by supafrey
Yeah I noticed that the example was really bad, too, despite the advice being good. I'd never call 10% of someone's stack on a gutshot flop draw =/


Posted Fri Mar 23, 2007 6:23 pm GMT by snoogins47
I'm good at missing zeroes.

Glad you pointed it out though, since it actually does make my example awful :/ I should probably edit it, huh.






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