Quote:
Originally Posted by trebe
Can you explain that in a simpler way. I'm very new to poker and don't fully understand. Why would pot odds not count until the river.
Also how do you know on the river if you are getting the right price to call? Sorry for the noob questions but i'm trying to learn.
You can always determine your direct pot odds, the bet + pot / bet. This however does account for any actions that you might make you money. If someone bets half pot you're getting 3:1 on a call and with a draw you need more like 4.5:1 to hit it on the next card, if you assume you can only win the pot when you make the hand and no further bets go in.
In reality that is almost never true, except when it is an all in bet. You can either get paid off when you make the hand or bluff when you don't. Imagine someone
always calling a potsized bet when you make your draw. For simplicity we're on the turn and villain bets half pot. We need 4.5:1 so we're short 1.5 times the bet. When you call the pot is going to be 4 times the bet on the turn. If he
always calls pot (4x the bet on the turn) then you are actually getting 5:1 because he is going to pay you the additional 4 bets off on the river.
When he always folds you just win the pot on the river every single time, therefor you have the easiest call ever. In reality there is a balance between them and villain sometimes calls or folds when you have it and folds or calls when you don't. You can go down every single option and add them all up and basically determine what value the hand is to you.
Now how do you know what additional value you can expect? You need to do these calculations, but there are ways to sort of estimate what to do. I never fold my draws to any reasonable price on the flop (up to full pot) and I start thinking about it when it goes over 2/3 pot on the turn. Also position matters and you should be much less inclined to call with draws out of position.
On the river it gets easy. It just matters if you're winning more than the odds you're getting. If you do you call, if you don't you fold (or raise). Against good opponents there are different ways to do this that tend to be more range based but you can forget about that for now.