Pot odds means you are paying a fraction in hopes of winning a larger sum.
If the amount you have to pay is less than the amount you will win, then it is a profitable play based on pot odds.
Pot odds are a basic principle in poker. It is wise to calculate your pot odds whenever you are considering calling a bet.
HOW TO FIGURE OUT YOUR POT ODDS
When facing a bet, ask yourself: How often will I need to win to make my call profitable?
If the bet that you are faced with is 100 chips into a pot of 500 chips, then you need to win slightly more than 1 out of 5 times to be profitable.
If you believe that your hand will win with that frequency, then pot odds dictate a call.
“Price is what you pay. Value is what you get.”
If you have a flush draw or an open ended straight draw on the flop, you will usually have a 33% chance of your draw coming in.
If your opponent bets the pot, then you may not be getting the correct pot odds to call.
If they bet smaller however, such as half of the pot, then you are getting correct pot odds to call.
CALCULATING POT ODDS FURTHER
You have a pair of Aces on the river, and your opponent bets 200 into an 800 chip pot.
What this means is that you have to win the pot at least 1 out of 5 times to make this a profitable call.
So if you believe that you have the winning hand half the time, than pot odds says this is an easy call.
You have a 4 card flush draw on the turn with 1 card to come, and your opponent bets 1,000 into a pot of 500.
You have about 4-1 chance of your flush coming, but you’re only getting 1.5-1 odds on your money.
Based on strictly pot odds, this is a fold as you are not getting the correct odds to call.