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Formula for calculating how much money needed to make for implied odds Formula for calculating how much money needed to make for implied odds

08-11-2017 , 12:37 AM
Hello everyone,

I have kind of figured out how to do this with ratios, but I can't figure out how to do it as a percent.

I read somewhere the formula for required implied odds is:

required implied odds $ = odds of hitting your draw - pot odds

so suppose I have an open ender draw and my draws are live. The pot is $88 and I need to call $35 to win the $88.

Therefore I am getting 4.875:1 on hitting my draw and 2.51:1 on pot odds.

So 4.875-2.51=2.36

So my implied odds are 2.36:1

If I multiply 2.36*(amt to call, $35) I get $83.

So according to this formula, I need to win $83 on a future street to make calling profitable.

But my dilemma is that at the table I am usually thinking in terms of percentages. So the RIO = Hit Draw - Pot Odds doesn't apply for percentages. I am wondering if anyone knows what the formula should be in this case?
Formula for calculating how much money needed to make for implied odds Quote
08-11-2017 , 03:15 AM
That sounds complicated. All you do is work out what size pot you would need to win to justify calling. In this instance, you are 17% to win, so you need your call to be at most 17% of the pot you win. You're calling $35, which is 17% of $206 (divide 35 by 0.17, at the table I'd probably multiply by 6, which is ballpark correct). After you call the $35, the pot will be $123. $206 - $123 = $83, therefore you will need to win on average an additional $83 after you hit.
Formula for calculating how much money needed to make for implied odds Quote
08-11-2017 , 03:17 AM
Quote:
Originally Posted by ChrisV
That sounds complicated. All you do is work out what size pot you would need to win to justify calling. In this instance, you are 17% to win, so you need your call to be at most 17% of the pot you win. You're calling $35, which is 17% of $206 (divide 35 by 0.17, at the table I'd probably multiply by 6, which is ballpark correct). After you call the $35, the pot will be $123. $206 - $123 = $83, therefore you will need to win on average an additional $83 after you hit.
Ok thank you. Trying to set up a spreadsheet to analyze hands after.

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Formula for calculating how much money needed to make for implied odds Quote
08-11-2017 , 07:59 AM
We just had a thread on this subject. Try here. It has several different formulas for you to chose from.
Formula for calculating how much money needed to make for implied odds Quote
08-11-2017 , 02:29 PM
Thanks

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Formula for calculating how much money needed to make for implied odds Quote

      
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