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Strategy: Fixed Limit

Postflop: The Mathematics of Poker - Odds & Outs

by Maik Girke

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Introduction

In this article
  • Which cards help you?
  • Learning to balance risk and reward
  • Not every helpful hand is really helpful

Draws, or drawing hands are incomplete hands which have to be complemented by another community card so that they can be defined as a made hand. The strategy from the beginner section hasn't clearly defined how to handle these kinds of hands yet.

In this article you will learn the mathematical basis of poker. You will learn how to figure out the winning percentages of your draw and how to determine whether it is profitable to play the hand.

The article is based upon the explanation of three central terms:

  • Outs

    Outs are all the cards which can improve your hand.

  • Odds

    Odds show how likely it is that one of the upcoming community cards is one of your outs.

  • Pot Odds

    Pot Odds express the relationship between the possible profit and the bet, which you have to put in. In a way, they represent the risk-reward-ratio. If they are compared with the odds, it is possible to say to what extend it is worth to call a bet in order to complete your draw.

Video: Odds & Outs
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You should still read the article though, in order to ensure that you have really understood the strategy.  Your bankroll will be thankful.


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Article Contents

  • page 1
  • page 2
  • page 3
    • Odds - How likely is it that I complete my draw?
  • page 4
    • Pot Odds - Can I play my hand profitably?
  • page 5
    • Discounted / Modified Outs
  • page 6
  • page 7
    • Apendix: Solutions

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