I'm gonna correct one thing here. Going into the turn, you're about 16% to hit your Ten by the river, and your BDFD adds a percentage point or so, but that doesn't change the truth of this statement:
Quote:
don't chase gutshots for pot sized bets.
Quick rules on pot odds: on the flop, take the number of outs you have, and multiply them by 4 to find your rough percentage of hitting by the river. If you've seen the turn, multiply your outs by 2. If the percentage of the money you have to call into the total pot (here 40/120=33%) is greater than your chance you'll hit, then mathematically you should fold.
That, of course, doesn't take into account things like hitting and still being second best, or the possible implied odds of making your hand and stacking V, or a thousand other possible scenarios, most of which don't work in your favor, but that's the simple math on pot odds.
Oh, and to answer your other question, YES. They're important to know. But there are a thousand threads on this and many people who have said it better than I can.
Last edited by BiteMeFish; 02-14-2017 at 09:12 AM.