Easy question!

[miketurner]

Forgive my ignorance, but I’ve been out of the game for quite a while & I forget how to do this. All of my books were loaned out years ago & never returned. (go figure)

Anyway...
If I’m getting 2:1 on my money, and I have a 37% chance of winning... is a call the correct move? What is the break even % of 2:1 pot odds?

Sorry for the dumb question. I know this will be locked quickly after being answered.

[BruceZ]

[ QUOTE ]
If I’m getting 2:1 on my money, and I have a 37% chance of winning... is a call the correct move? What is the break even % of 2:1 pot odds?

[/ QUOTE ]

Yes, 1/3 or 33.33%. Of course this assumes that 1/3 is the probability of making your winning hand on the next card, or before you have to put any more money in.

[jay_shark]

2:1 pot odds is equivalent to 1/3 . If your odds against are a:b , then the probability of winning is b/(a+b) .

You have a 100-37= 63% chance of losing and a 37% chance of winning . Therefore your odds against losing are 63%/37% = 1.7:1 . Since you're getting pot odds of 2:1 which is better than 1.7:1 , a call is mandatory !

Put another way , 2:1 means that the break even point is 33 % . (twice you lose , one time you win ) .

37%> 33%

[miketurner]

thanks