Re: formula for calling bets based on outs
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or, if you do not include the max bet in the pot size (what you seem to want):
max bet = (pot size)(chance of hitting outs)/(1 - chance of hitting outs)
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This error seems to be along the same lines of the error Im making. For example, if there is $35 in the pot, and the chance of hitting the out is, lets say, 13%, then
Max bet = 35*.13/1-.13
4.55/.87
Max bet is 5.2298.
Assuming there is a caller, then the pot size after the caller is 5.2298*2 + 35 = 45.45
But 13% of 45.45 is 5.9085, not 5.2298. My original formula gets you closer, but is still wrong.
Im trying to make a bet that results in the bet being the identical % of the resultant pot (with n callers) to the % chance of me hitting my outs on the next card.
Bingo
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