A general guide to odds in poker is very helpful for both beginners and experienced players. Different types of odds will help to determine whether or not it’s worth it to call until the turn, or what your realistic chance is to win the hand.
An “out” is simply how many cards in the deck will help you make your hand. Let’s say you’re holding a pair of 8′s. There are two cards in the deck that could help make your hand better. Those two cards are, naturally, the 8’s. There may be other cards that could make your hand better, but they would also help out your opponents. This can also be applied after more cards are in the mix. For example, let’s say that you’re playing Texas Hold’em and you’re holding Q-5 of diamonds. The flop is 7-A-2. The A-2 are diamonds. There are 14 cards in the deck which will give a better hand. 3 Queen’s, 3 fives, and the 9 remaining diamonds. Also, it is not possible, except for a few times in 7 Card Stud, to take into account whether or not your opponents may be holding the cards you need.
While taking into account whether or not it’s worth it to call, pot odds can play a very significant part in helping you decide. Pot odds are how much it will cost you to call a bet versus how much you stand to profit. For example, let’s say you’re playing in a $5/$10 game. You are near the start of the game. The betting goes around, and someone raises $5. There is $30 in the pot. What this means to you is that you’d have to risk your $5 to win $30. This translates to 6 to 1 pot odds. So, if you risk it, so long as you win one time out of six breaking still by making that call. This is a better way to decide if it is actually worth risking your money to see the final cards.
There are how many callers you think you will have for a specific betting round. For example, let’s say you’re one away from a flush draw. You want to bet, and expect there to be 4 people who will call. These are 4 to 1 bet odds. These are good odds to use, as they can be easily done before your hand is made. If you think that you’d get 6-7 callers, you will have well bet odds on your hand should you bet.
These are same as pot odds, except it goes with an assumed amount in the pot at the end of all betting rounds. For example, at the start of the game, if you think that the pot at the end will most likely be X, you can better determine what you want to call or bet, and whether or not it’s worth it to stay in the game or until the end. This is a more speculative method of mentioning poker odds than other methods, but it can still help you reach a decision if you are having trouble.