In this game, probability is a huge factor. Players use odds, such as implied odds in Texas Holdem, in order to determine their actions. For example, the chances of finishing a flush or a straight, the probability of getting an overcard, and the percentage of times youre going to flop a set to match your pocket pair are all important statistical figures that you must be aware of. Indeed, knowledge of these statistics is the key to winning the game.
Now the question is this: What are implied odds? Implied odds are the odds that you are getting after the assumed result of betting for the remainder of the hand. They are the pot odds that are adjusted for future betting and should be considered when deciding whether or not to continue playing your hand in Texas Hold em. By figuring out implied odds, you will be able to make decisions like adding bets that you expect to win if you make the winning hand.
Calculating implied odds is very simple. In order to compute implied odds, you simply have to add the future expected bets by other players to the current size of the pot. However, there will be cases in which you cannot compute your implied odds exactly, and so you have to make a wise guess. If there are many players left in the hand, then your implied odds are larger, and you can expect more players to make and call bets.
Implied odds are an advanced concept in Texas Hold 'em dealing with expectation of future bets. In order to maximize your winnings, you need to understand the concept of implied odds and how to apply them.