Re: Calculating Odds and Outs
[ QUOTE ]
I hope it is right too.. I use that type of system that gordon taught me
[/ QUOTE ]
It's correct. It seems overly complicated to me, because you just end up converting the percentages to odds to make a decision. But for whatever reason, some people are more comfortable with percentages, so it's fine.
Percentages and odds present the essentially the same information. They are both ratios, just ratios of different things. If the percentage you make your hand is 20%, that means you'll make your hand 1 time in 5. That is, this is the ratio of the 1 time you make your hand to the total number of tries, 5, on average, that it takes.
You can look at the same situation in terms of odds, where you consider the ratio of the number of times you don't make your hand to the number of times you do. In this case, you won't make your hand 4 times to every one time that you do. You make your hand 20% of the time or the odds against you are 4:1-- same information.
Maybe it's easier to see this stated this way: If you make your hand 20% of the time, you don't make your hand 80% of the time. What's the ratio of the times you don't make it to the times you do? 80% to 20%. 80 to 20 is the same as 4 to 1. So you need 4:1 pot odds to break even.
|