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How to discount outs in Omaha
This article explains
- Discounting odds
- Strong and weak draws
As said previously, it is very important to only draw to the nuts in Pot Limit Omaha. To do so, you must also discount outs depending on the texture of the board.
The following assumes that the notions of Outs, Odds, Pot Odds, Implied Odds and Reverse Implied Odds are known. In case they are not, please refer to the No Limit Hold'em articles on Outs and Odds, and Implied Odds.
Nevertheless, lets recap briefly:
An Out is a card that can complete your hand in order to improve it. The more outs you have, the better your draw. This is the first and foremost aspect to evaluating a drawing hand. Knowing how many outs you have makes it very easy to caluculate your Odds, i.e the chance of hitting the cards that you need to improve. Pot Odds are the ratio of pot size to investment. Implied odds are the difference between the size of the pot at a given time and the size of the pot one stands to win on later streets when one's hand improves, or in other words how much you will win when you hit your draw. Reverse implied odds are the opposite of implied odds. When you have a made hand and an opponent is drawing, the amount you will pay off to your opponent when he hits his draw is descriped as reverse implied odds.
The following pages will show some example situations explaining how to discount outs. Having examples will help you evaluate the strength of your draw at the first glance. This article will not explain optimal lines and bet sizes, as these are covered in the Flop, turn and river play articles. Although the concept of outs is explained in the No-Limit Hold'em article linked above, evaluating your exact outs is much more difficult in Omaha, mainly because of your opponents' much larger hand ranges. In this article you will learn how to approximate these ranges through a few example hands.
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