Re: Making outs to odds conversion
That 4%-2% calculation is reasonable for small outs, but falls apart when you've got lots of outs. And its mostly a waste of time, since you can simply go straight from "outs" to "odds" by the following: #cards left (typically 45-47) minus outs divided by outs. So if you have 5 outs 47-5=42, 42/5= 8.4:1 odds against snagging it on the next round. If you figure to take two cards you CAN sort of multiply your outs by two (47-10=37, 37/10=3.7:1 against), but its worse than that ("worse" is a measure of likelhood of snagging two of your cards).
Running-runner is harder to calculate, and you've got the problem of adjusting for the increased cost (you need to call another bet some of the time). A backdoor flush draw is "worth" 1.5 bets, a good back-door straight draw is "worth" 1.4 (I think).
- Louie
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