KK lost all my money on this flop

[Wolfram]

Ok, one last time and then I'm officially done with this thread:

This is how you calculate pod odds.

The pot is $54. Our opponent bets his last $45 into it. We know we have a 1:2 (one-to-two, i.e. 33%) chance of winning. The current pot is $99. It will cost us $45 to make the call. The pot is offering us 99:45 ~= 2.2:1 (two-point-two-to-one). Because 2.2 > 2 our odds to hit (1:2) are enought to make the call for our pot-odds (2.2:1).

Therefore, calling a $45 bet into a $99 pot is profitable when we have a 33% chance to win.

Notice that I did not add the call to the pot when I calculated the pot odds.

[drj003]

Actually I think you have totally convinced me to go reread the chapter.

[drj003]

[ QUOTE ]
Ok, one last time and then I'm officially done with this thread:

This is how you calculate pod odds.

The pot is $54. Our opponent bets his last $45 into it. We know we have a 1:2 (one-to-two, i.e. 33%) chance of winning. The current pot is $99. It will cost us $45 to make the call. The pot is offering us 99:45 ~= 2.2:1 (two-point-two-to-one). Because 2.2 > 2 our odds to hit (1:2) are enought to make the call for our pot-odds (2.2:1).

Therefore, calling a $45 bet into a $99 pot is profitable when we have a 33% chance to win.

Notice that I did not add the call to the pot when I calculated the pot odds.

[/ QUOTE ]
One last question. How is this different from my scenario with the 99 dollar pot and the 33 dollar call? I'm still reading the chapter....

[Grunch]

[ QUOTE ]
[ QUOTE ]
Wolfram,
So you would not agree, that if a pot was 99 dollars and you had a 33% chance to win that you can call a 33 dollar bet? Make this decision soley off pot odds. If you disagree then I cannot agree with you on pot odds. I do need a refresher on equity, but I'm sure that I can call the above with a 33 percent chance to win.

[/ QUOTE ]

Yes, you can call. Look at it this way. How much will the pot be if you call? That is the number that you need to multiply by 33% and then compare against your bet to determine whether the call is +EV or not.

In your case if I was calling $33 into $99, then I need an expectation of greater than $33 to make the call profitable (or +EV). The total pot will be $132 if you call. You have a a 33% chance to win the whole pot (not just the $99 already there). Since $132 * .33 = $43.56 then you should always make this call. Your expected value on the call is $43.46 - $33 = $10.56

[/ QUOTE ]

Here's another way to look at it. When you put your $33 in to the pot, you're buying a ticket to win the pot. You know how much you paid for the ticket -- $33. But how much is the ticket worth?

You need to know 2 things: How often you will win the pot and how big will the pot will be? If we have 33% equity then we will win 33% of the time. When we win, the pot will be $132. So the value of our ticket is .33*132 = $43.56.

We paid $33 for a $43 ticket, so we got a good deal.

[Wolfram]

[ QUOTE ]
[ QUOTE ]
Ok, one last time and then I'm officially done with this thread:

This is how you calculate pod odds.

The pot is $54. Our opponent bets his last $45 into it. We know we have a 1:2 (one-to-two, i.e. 33%) chance of winning. The current pot is $99. It will cost us $45 to make the call. The pot is offering us 99:45 ~= 2.2:1 (two-point-two-to-one). Because 2.2 > 2 our odds to hit (1:2) are enought to make the call for our pot-odds (2.2:1).

Therefore, calling a $45 bet into a $99 pot is profitable when we have a 33% chance to win.

Notice that I did not add the call to the pot when I calculated the pot odds.

[/ QUOTE ]
One last question. How is this different from my scenario with the 99 dollar pot and the 33 dollar call? I'm still reading the chapter....

[/ QUOTE ]
This is the same scenario. The difference is that I am using odds-to-win (i.e. 1-2 or one-to-two) to compare against pot odds (where you don't add the call to the potsize). You were using percentages, which denote equity (where you _do_ add the call to the potsize).

Happy reading and I hope this adds to your winrate [img]/images/graemlins/grin.gif[/img]

[drj003]

Thanks guys. Sorry for the confusion.

[4_2_it]

[ QUOTE ]
Thanks guys. Sorry for the confusion.

[/ QUOTE ]

No need to apologize. These types of exercises are ALWAYS worthwhile and are excellent refreshers.

[johnnyrocket]

u can beat enough here to be +EV, this is an easy push and if its a set o well, he does this with lots of queen type hands or maybe a draw, this is a super easy call, stop being so results oriented

if u have the best reads on this guy then u can fold

[gmcarroll33]

^ Thanks everybody for the input especially Wolfram. Johnnyrocket I'm not meaning to be results oriented, I'm just trying to make sure this play will have good results in the long run if I continually make it.

[cakewalk]

my last name is carroll

sup cuz