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#1
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Re: Help with numbers
Thanks for the response, it is greatly appriciated. Now another few questions:
Let me see if I have this right: (In simple English) When I am drawing to a hand, I am an underdog (4.2:1) to catch my hand, so I need to determine how big of an advatage I am getting from the pot to over-come my disadvantaged position (4.2:1 or greater. However, I keep thinking about the problem this way. Say you are playing the lotto and the odds are 1:X that you will win. If the pay out is larger than X then it is a good bet to buy a ticket, right? If I translate this to the flush example I am 1:5.2, to catch my hand (win the lottery) and then I need greater than [5.2 times (the bet)] to make the draw worth calling. Both of these make sense to me, thanks for you help getting me past this little hang up. |
#2
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Re: Help with numbers
Say you are playing the lotto and the odds are 1:X that you will win. If the pay out is larger than X then it is a good bet to buy a ticket, right?
Correct, from a purely EV point of view. If I translate this to the flush example I am 1:5.2, to catch my hand (win the lottery) and then I need greater than [5.2 times (the bet)] to make the draw worth calling. You're confusing odds and probability. The probability is 1 in 5.2, but the odds are 4.2:1, so you need greater than 4.2 times your bet to call. |
#3
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Re: Help with numbers
Break through! Thanks a ton.
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