On the flop, 5+3 = 8 cards have been dealt so there are 44 remaining in the deck. If you have 13 out,s the probability one falls on the turn is 13/44 for a hit. The probability one doesn’t fall is 31/44 and if that’s the case there are 43 remaining cards and a hit on the river has probability = 13/43.
On combining:
Pr(hit on turn or river (or both) = 13/44 + 31/44 * 13/43 = 50.8%
Another way: Pr(hit) = 1 - Pr(don’t hit on turn and river)
= 1 - 31/44 * 30/43 = 50.8% (31 “bad” cards on turn and 30 “bad” on the river)
On my Tumblr blog site, Hold 'em Mathology I have two blogs on equity estimation that provide other approaches that can possibly be modified for PLO5.
http://www.tumblr.com/holdemmathology