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Here is my explanation, which is essentially the same as koolmoes except he seems to believ that the pot will only be +6 BB on the turn (villain bets, we raise, he threebets, we call?? CAP WITH THE NUTS! ) and hence, I get about a 4:1 needed to call...
The original post says "you must hit your gutshot to win the pot". Thereby discrediting any backdoor outs in this hand. That means villain has to have top set (so that our runner runner trips is no good). We have exactly four outs. We gotta hit the 8.
Well "lucky" us, the turn is an 8, giving us a fairly well hidden nut straight. Villain bets (+1 bet in pot). We raise (+2 bets, 3 bets total). It now gets slightly fuzzy in the "what if?" category, but we can safely assume villain almost always threebets here -- he'd be pretty stupid not to. That puts 6 bets total in the pot on the turn, and we cap we're at 8 bets total in the pot, four of which are his, four of which our ours.
Villain doesnt improve on the river but almost always check/calls and bet/calls slightly less often, so there will be +10 bets in the pot when we hit the turn and can cap.
Now on the river we have to assume he's slightly less likely to cap us. People tend to be more passive on the river. He bets, we raise, he might just call. This puts 4 bets total on the river, plus the 1 on the turn, for 5 total in the pot. If we average this number in with our +10 on the turn (since we'll hit our 8 on the turn just as often as hitting our 8 on the river -- ignoring that there is one less card in the deck on the river, its essentially the same.) we can assume that when we're going after this gutshot there will be ATLEAST 7.5 bets in the pot at showdown.
Therefore, when drawing on the flop, we can assume the pot when we hit will be +7.5 bets bigger (we dont factor in how much in the pot was ours because once hit hits the felt it ain't -- he's still got 10 outs to re-improve.)!
So with a pot expected to be on average +7.5 bets when we hit, and it only costs us 1 bet to see, we're gettin 7.5:1 implied odds, right? The pot would have to be about 3sb on the flop for us to call.
That is all assuming he has a "threebettable" hand -- two pair or a set. If he only holds top pair instead of a set or two pair, he's not as likely to threebet the turn when we hit.
Therefore he will bet the turn, we will raise, he will just call. That puts +4 bets in on the turn, and 2 more on the river, +6 total. The same is likely for the river, he's not going to threebet the river with top pair, and maybe not even two pair. So +6 is good there too.
Alright, so in almost every case, the pot will be somewhere between 6 to 7.5 bets larger when we hit than when we miss, so we'll need 3.5 or 4.5:1 to make this call, depending on what our opponent has. Since we can't know what our opponent has (and he's more likely to hold top pair than top set) we have to slightly downweight it and say ...
We can call with about 4:1.
Stab complete. My head asplode.
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