WHAT ARE ODDS AND EQUITY IN POKER?

WHAT ARE ODDS AND EQUITY IN POKER?

Texas Hold’em Poker is an odds game. Every action you make at the table has statistics attached to it. For people how hate mathematics, no need to worry. You certainly don’t need an advanced know-how of math to calculate odds. In fact, there are numerous pros who can’t even solve the basic of equations. As convoluted as Texas Hold’em may seem, in its core, it is simple to understand and play poker in India .

CALCULATING POT ODDS

As the name suggests, pot odds are the odds you are ‘being offered by the pot’ to make your call. In simpler term, it is the ratio of the amount of money in the pot to the amount of money you must pay to stay in the hand.

For example:

Suppose we go to the flop heads-up. The pot has ₹100 and your opponent bets ₹20. Now, since your opponent’s bet is part of the pot, you are being offered ₹120 at the cost of ₹20. In ratio form, that is 120:20. On further simplification, it becomes 6:1.

CALCULATING EQUITY

Equity is defined as the share of the pot that you can expect to win in the long run, based on the strength of your hand against that of your opponent, with cards yet to come.

To calculate equity, take your total number of outs and multiply that value by 4 on the flop (or by 2 on the turn).

So for example if you possess a flush, you have 9 outs on the flop. 9x4 = 36% chance at making the best hand.

(An out is an unseen card that, if drawn, enhances the player’s hand to one that is likely to win)

COMPARING ODDS TO EQUITY

Before comparing both, it is important to convert equity to a ratio. Comparing both values will give you an idea on when to call.

Now, compare the left-hand sides of both ratios. If the pot odds number is greater than your equity number, then it is a good call.

This is the most basic form of calculating odds and equity, it will seldom get any tougher.