Quote Originally Posted by Big Dazz
OK

I think the reason im having trouble with this is that I'm converting from limit to no limit.

Cheers - nice one
Here's a little example of why you better take a margin on your draw chasings.

So ok I get AQ suited clubs. Raise my standard 5BB, 2 callers, good. Flop is J84 with 2 clubs. One guy checks, I raise 1/2 pot. Drop out the guys who have nothing, and build a pot for those who want to join in since I have plenty of outs still. And I was the one raising preflop ofcourse, so c-bet. Third guy up calls, other folds. Turn gives 6c, giving me the nut flush. I raise 3/4 pot, other guy reraises me, I go all-in, guy calls. He had 88, hit his set on the flop. River gives a 6, I get stacked to his boat.

Chasing pot odds kinda goes on the premise that if you hit, you win. So here I "hit", but my opp still had 1 out to quads and 9 outs to a boat. So 10 outs on the river, which is around 22% to hit. In general even if you hit your straight, you can still be beaten by a higher straight, a flush, a boat, quads. Your flush can be beaten by a higher flush, a boat, quads. In this example I hit the nut flush and my opp still had over 1/5 to win. It'd be cool if the ones that are gonna pay up always have TP, but in reality they might have something better some of the time, either beating you or giving them outs to beat you, *even if you hit*. Hence take a margin on your chasing..