Re: Theory of Poker Effective Odds Question
A common situation where I would use effective odds is where I have a decent hand and I am raised on the turn. Then I have to decide whether it is worth seing a showdown.
Lets say I raise with pocket Tens and get 4 callers including the button and both blinds call. The flop is 7 7 2. I bet and only the button calls. The turn is a 5. I bet and the button raises.
Now there are 11BB in the pot. In order to see showdown I am going to have to pay 2 more BB in order to win 12BB, so my effective odds are 12:2 or 6:1.
So now I decide whether I should fold or see the showdown. If I think my odds of winning the hand are worse than 6:1 I fold, otherwise I call.
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