One of the main parts of mastering poker and playing games like Texas Hold’em to your full potential is understanding poker odds. This consists of being able to calculate your hand odds and the pot odds.
Hand odds are the chance of a particular card or set of cards coming up to make the best hand at the table. Pot odds is the ratio between the amount of money in the pot and how much money you need to put up to call an opponent’s bet.
Hand odds give you a good idea as to whether continuing with a hand is to your advantage; they are the odds you have of making a winning hand. For example if you hold two spades and there are two spades in the flop, the chances of making a flush are 2 to 1, which means that one in every three times you play you will make a flush. Odds of 3 to 1 will give you a winning hand roughly every four chances. The odds are calculated by figuring the number of outs (cards you need to complete your hand) against the number of cards left in play.
Pot odds
Pot odds tell you how many times you will have to play in order to win and break even. If there is £100 in the pot and your call is £10, you need to win 1:11 times to break even.
Calculating the two sets of odds together gives you the percentage chance of winning and an idea of how much of a risk continuing with a certain hand will be.