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Odds on the fly

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Odds on the fly - Wed Jan 01, 2003, 11:02 PM
(#1)
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Personally I have better luck reading people (A function of my business.) than calculating odds. Also IMHO a bigger part of any tourney. But in the interest of getting better I have to expand my horizons a bit.

My brain works better in percentages than in odds so that is my frame of reference. Please let me know if my logic is flawed. In a holdem game there is a 2% chance of any one card coming. 1/50=.02. So in making an open ended straight for example you have 8 outs or 16% chance. I know the math does not work that easily but I am searching for something I can use at the table.

Now taking this the next step if my bet is less than 16% of the pot I have the best of it.

I knowthat there a lot of flaws in this for the purists but how close is it really?

Thanks for your time.
 
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Wed Jan 01, 2003, 11:22 PM
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TrumpinJoe's Avatar
Since: Jun 2010
Posts: 4,557
I have a post-flop odds table in the PSO schedule spreadsheet. It shows combind (turn + river) and individual street odds along with percents.

The link is in the sig.
 
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Re: Odds on the fly - Mon Jan 06, 2003, 08:57 PM
(#3)
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Quote:
Originally Posted by ev780
Personally I have better luck reading people (A function of my business.) than calculating odds. Also IMHO a bigger part of any tourney. But in the interest of getting better I have to expand my horizons a bit.

My brain works better in percentages than in odds so that is my frame of reference. Please let me know if my logic is flawed. In a holdem game there is a 2% chance of any one card coming. 1/50=.02. So in making an open ended straight for example you have 8 outs or 16% chance. I know the math does not work that easily but I am searching for something I can use at the table.
What worked for me was to work out the answers to all of the common hold'em situations in advance (flopping a four-flush, flopping an open ended straight, flopping a set, flopping two pair, etc) and memorizing them. That eliminated the need to do any calculations at the table except to relate the size of the pot to the odds against making my hand, and using that as a guide to continuing on in the hand by calling, raising, or folding.

Once the percentage chance of making a given hand is known, it's a simple proposition to convert the percentage into odds and then count, or estimate, the size of the pot.
 
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Thu Jan 09, 2003, 07:45 PM
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Thank you that helps.
 

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