Re: Basic Pot Odds Questions - Please Help a New Guy
Wow. That completely clears it up.
You calculate the pot odds based on the full anticipated round b/c you can then AVOID making the first call - which would have led to a losing situation anyway. However, if you fail to anticipate correctly, and make the first call, then you have no choice but to call the second, b/c while it has an overall negative expected value, it is the lesser of two evils since folding will be even worse.
I can't thank you enough for taking the time to illustrate this.
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