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Odds, equity and theory

Pot odds in poker

Definition

The ratio between the size of the pot and the cost of a call; it gives the equity you need for a call to break even.

The equity you need is the call divided by the final pot after you call: bet / (pot + 2 × bet), where pot is the money in the middle before the bet. A call is profitable when your equity is higher than this number.

Pot odds consider only the money in the pot now. Money you expect to win later is counted separately as implied odds.

Example

A $50 bet into a $100 pot costs $50 to win $150, so you need 50 / 200 = 25% equity.

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