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Old 12-17-2005, 12:03 PM
binions binions is offline
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Join Date: Jan 2004
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Default Re: Question about odds vs. percentages, inspired by Arieh

Percentages and odds are just different ways of expressing the same thing.

If you have a 10% chance to hit your draw, there is a 90% chance you won't. So, the odds are 9:1 against.

In poker, most people use the size of the pot compared to the size of the bet to get pot odds. So, if there is $30 in the pot, and $3 to call, your pot odds are 10:1.

If the pot odds are greater than the odds to hit your hand (i.e. 10:1 pot odds on $3 bet vs. 9:1 odds to hit your 10% draw), then you can call.
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