counting early round bets

[SeattleJake]

I think I do understand this now. Even though you may never get the correct odds on subsequent rounds, you still bet for value to bring the odds closer.

It's like taking the odds on the line bet in craps -- the line doesn't give you correct odds, but you do get correct odds on the odds-bet you can place after the point has been established.

[pergesu]

If you have 50% equity, it's not about having correct odds. In fact, there's no possible way to lose money in the long run if you don't factor in rake.

If you've got 50%, and you're heads up, then you're 1-1 to win. In the long run, you break dead even. If there was one other preflop caller, then your EV is .5 SB per hand, because you're getting 1-1 on your money + 1 other bet, which you figure to win half the time. If you have two opponents that will both call, you're getting 2-1 on an even money shot.

When you're at 50%+ equity, you don't consider odds, you consider how many bets you can get into the pot.