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Odds, equity and theory

Implied odds in poker

Definition

Pot odds adjusted for the extra money you expect to win on later streets if you hit your hand.

Implied odds justify calls that pure pot odds reject, such as calling with a small pair to hit a set. They are highest when stacks are deep and the opponent is likely to pay you off.

They are lower when your hand is obvious, when your opponent has a short stack or when you can be beaten by a better draw.

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