Originally posted by Titicamara
The pot is already at 7.78 when he jammed, I need another 2.56 to call giving my pot odds at 2.56/7.78 = 0.33. Since 0.33 is greater than 0.27, does it not mean that we should call as the odds we are getting from the pot are bigger than the card odds?
Originally posted by la55i
Originally posted by Titicamara
The pot is already at 7.78 when he jammed, I need another 2.56 to call giving my pot odds at 2.56/7.78 = 0.33. Since 0.33 is greater than 0.27, does it not mean that we should call as the odds we are getting from the pot are bigger than the card odds?
I see a little misunderstanding, or then my brain is not working cause I just woke up.. The formula to calculate your own pot odds is bet/(pot+bet), sine villain has a bigger stack than you, the effective pot will be 6.26 not 7.78..
So it is 2.56/(6.26+2.56)=29%. This number is how much equity you need to call. So when this number is higher than the equity you actually have, you fold.
It is imperative to get the notions right.
Pot odds are defined as (current pot)/(cost to call):1. In this case, it is 7.49/2.56:1 = 2.93:1. In words, pot odds are a little bit worse than three to one. The "pronounced version" explains the "(:1)" in the definition.
(Note that villain has $0.29 more than us in his stack, so that sum has been deducted from the actual pot, since it isn't winnable.)
The minimum required equity to call is defined as cost to call/(current pot + cost to call)*100%. In this case it evaluates to 2.56/(7.49 + 2.56)*100% = 25.5%. (It is customary to use percentages.)
/**/
The above notions are different, not the same. (They are related though, and calculable from each other.) Since so many reading these forums are struggling with the basics, it is highly desirable to keep these notion straight. They should be seen as part o standard poker vocabulary.
Which notion should one use?
Undoubtedly pot odds when at the table. It is easier to calculate, and easier to draw conclusions from.
The other number is more useful in a forum discussion, since this is the number Equilab will produce for you when you give your guess of villain's range.