Effective Odds vs Implied Odds

[Oscar]

Hi all, first post for me, I hope you guys can offer some wisdom.....
I'm newish to Poker, and I feel I have a fairly basic grasp of strategic concepts, but I've been reading TOP and I have a question.

As far as I understand it, effective odds mean that if you have a drawing hand on the flop, you cannot simply look at the bet in front of you to determine your pot odds, because you if you miss your card on the turn, you will probably have to call another, often larger bet to see the river, and this REDUCES your pot odds on the flop.

Conversley, I understand implied odds to mean the extra bets that you will win if you make your hand, and these INCREASE your pot odds on the flop.

So, if I have a drawing hand on the flop that I think will be the best hand if I make it, and there's a bet in front of me, do I think "be careful of calling here, because your effective odds are lower than they appear at present", or do I think "OK I'm going to call this quite happily, because my implied odds are better than they currently appear"?

Please offer any comments - it seems that these are two contradictory concepts and I'm looking for help on which concept is applicable in different drawing situations.

Cheers!

[AHiltz]

Since this is in the NL section I will give a NL answer. It is hard to determine the effective odds in NL. Since the opponent can bet any amount on the turn if you miss, you really have no way of calculating. You need to evaluate the pot odds on each street and see if you have correct odds to call a bet. To counter this, you have more fold equity from semi-bluffs. You can also put all the money in while ahead, thus allowing yourself to see 2 cards.

[EthanH1]

as a new player to NL ring(playing about a year now) i have taken a starnce that if the pot odds on the flop are near the odds of hiting the nuts hand( and heres the thing you have to make the call if hitting your straight or flush will give you the nuts, why draw to a hand that might very well lose? see this tread http://www.flopturnriver.com/phpBB2/...ic.php?t=37356 ) i will call the draw 60% of the time and fold 40% it, makes it easyer with reads on the players in the hands, i am not brileant with odds and so can't go into giving any exp. but some one might help out more with this?

[Renton]

In NL implied odds are king. Pot odds are largely irrelevant when the stacks are deep, and the play is bad.