Pot odds when you think you are a head in the hand?

[Radio]

Okey this is how i understand pot odds

1 determine the number of valid outs

2 calculate the pot odds

3 calculate the implied pot odds

4 compair the implied pot odds against the odds of improving your hand.

5 call when pot odds are greater than hand odds

Ok is the above correct and is there a better way of doing it? Also i only seem to think of this when i think im behind and im trying to draw to my streight or flush, But where i get confused is how you apply odds when you think you are ahead and you are the one betting and rasising and they are calling you down, then you end up getting beaten.I understand raiseing to protect your hand but understanding odds in every single hand gets confusing, but know its not just for using when you are deciding weather to call or fold.