Thanks Bogdan,
However, before I begin studying Lesson 3, I have question about Lesson 2. It is about Article Odds and outs. The article is very good, but examples and especially explanations in the third part of the article (Case studies) are very confusing to me, and judging from the remarks and questions in the comments section of the article, I am not the only one.
I hope you could help me with these examples.
“ EXAMPLE 1
Before the flop - NL25 Blinds: $0.10/$0.25
You are BU
• UTG1 calls $0.25
• UTG2 and UTG3 fold
• MP1 calls $0.25
• MP2, MP3 and CO fold
• Hero calls $0.25
• SB folds
• BB checks
Flop - Active Players (4): Hero, BB, UTG1, MP1 - Pot: $1.10
• BB bets $0.75
• UTG1 calls $0.75
• MP1 folds
• Hero calls $0.75
Turn - Active Players (3): Hero, BB, UTG1 - Pot: $3.35
• BB bets $3
• UTG1 and Hero fold
Your calculations start on the flop. You have to pay $0.75 to see the turn. There are $1.10 + 2 x $0.75 = $2.60 in the pot. Your pot odds are $2.60 : $0.75 or roughly 3.5 : 1.
You’re holding a high flush draw, for which you have a total of 9 outs. Four additional outs come from the gutshot draw for a straight. Since you’ve already calculated the spades-out for the flush draw, you only count 3 outs for the gut shot. A quick glance at the table will tell you that you need pot odds of at least 3:1, in order to be able to see the next community cards with 12 outs. Since the pot odds are better than the required odds, you can go right ahead and call.
The same calculation applies on the turn. However, now you only have pot odds from 2.1:1. You still got 12 outs left, however you cannot give yourself the full 12 outs anymore, as the pair in the community cards doesn’t make a full house probable, but possible. Even with the full 12 outs left, you’d need pot odds 3:1. Your decision is made. You fold.”
In the explanation of the example, in the part related to the turn situation, it is stated that “we cannot give our self 12 outs any more”. I don’t understand what does this mean. How many outs can we give our self? What cards do we discount? If our opponent has full house there is no out for us. And if our opponent doesn’t have full house, both flush and straight are winning hands. Do we perform this cards discounting here only for pot odds calculation purpose (speculation), or is there concrete logical process behind this?
Thank you for your time and assistance!