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defhalotones
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05-27-2005, 03:52 AM
Post subject: 1 thing i dont get about pot odds
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#1 (permalink)
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One Pair
Join Date: Apr 2005
Location: NE Ohio
Posts: 16
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Example: Pot holds $100, and costs me $20 to call. I "should" be getting 5:1 odds, but im actually getting 6:1. Shouldnt it be to where im getting 5:1, cuz $20 of the pot will contain my money, which if i win, i will only gain $100. Understand?
To make it easier. You shouldnt count your bet on the pot odds. So why is it still 6:1 on that situation i noted above? Thanks
-Jake-
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smackin' bitches and floppin' sets.
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a500lbgorilla
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JESUS TAKE THE KEYBOARD
Join Date: Sep 2004
Location: This room is a good place to be
Posts: 8,379
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never consider the money you put in. Do consider the money they put in.
-'rilla
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Smithers, use the amnesia ray.
You mean the revolver, sir?
Precisely.
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journey075
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Full House
Join Date: Mar 2005
Posts: 725
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yeah you have to consider the money in the pot, pot money per se. and why are you buying pot?
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sejje
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Full House
Join Date: Mar 2005
Posts: 883
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To clarify that.
If there's 100 in the middle, $20 that they bet out, that's 120 you can win for calling your 20. 6:1
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alias2211
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Flush
Join Date: Mar 2005
Location: U, S and A!!!
Posts: 469
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Quote:
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Originally Posted by sejje
To clarify that.
If there's 100 in the middle, $20 that they bet out, that's 120 you can win for calling your 20. 6:1
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Consider the pot size only and not your net expectation. Otherwise that is like saying you can't win your bet back if you take the pot, which is of course incorrect.
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JeffreyGB
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05-27-2005, 12:22 PM
Post subject: Re: 1 thing i dont get about pot odds
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#6 (permalink)
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4-of-a-Kind
Join Date: Dec 2004
Location: Jenks, OK
Posts: 3,477
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Quote:
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Originally Posted by defhalotones
Example: Pot holds $100, and costs me $20 to call. I "should" be getting 5:1 odds, but im actually getting 6:1. Shouldnt it be to where im getting 5:1, cuz $20 of the pot will contain my money, which if i win, i will only gain $100. Understand?
To make it easier. You shouldnt count your bet on the pot odds. So why is it still 6:1 on that situation i noted above? Thanks
-Jake-
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Your thinking is right. It's not 6:1 in that situation. It's 5:1. You don't count the bet that you're going to have to call as part of the pot because you keep that money if you don't call, meaning that winning it isn't a profit. Ex: Situation you describe above plays out 1000 times. If you win it 16.7% of the time (apx = 5:1), then 167 times you win $120-$20 = gross profit of $16700. 833 times you lose $20 = gross loss of $16660. You got exactly even pot odds and broke even. If, on the other hand, you only won it 14.2% of the time (apx = 6:1), then 142 times you $120-$20 = gross profit of $14200. 858 times you lose $20 = gross loss of $17160. You figured your odds badly and it cost you $3000.
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Element187
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Full House
Join Date: Mar 2005
Location: Orlando, FL
Posts: 802
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it can only be 6:1 if you count the 100$ pot in the middle, villian raises 20$ .. you now call the 20$ bet to win 120$ if you count your bet its 140$ worth of chips coming in your direction, but cannot count your 20 you put in to win the pot plus the villians bet.
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"Imagine how it would be to be at the top Making cash money, Go and tour all around the world, Tell stories about all the young girls." - The Prodigy - Girls
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ville18
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Straight
Join Date: Jan 2005
Location: Yo mama
Posts: 223
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It's not your money unless you win the pot..
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JeffreyGB
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4-of-a-Kind
Join Date: Dec 2004
Location: Jenks, OK
Posts: 3,477
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Quote:
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Originally Posted by ville18
It's not your money unless you win the pot..
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It's your money if you win the pot, OR if you don't bet it. Meaning that the only time it's included in your net computations is for figuring loss when you don't win the pot.
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