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Next: 3.4.1 Pot Odds Up: 3. How Humans Play Previous: 3.3 Position   Contents

3.4 Odds

This is a fundamental concept introduced in [13] and includes pot odds, effective odds, implied odds and reverse implied odds. Odds gives you a way to compare your cost versus the potential winnings, and determine how good of a hand, in terms of potential or strength, you require to call a bet (or what the expected return is for each of your possible actions).

Denis Papp