Implied odds are an estimation of the amount you can win from your opponent if you hit one of your outs.
Ask yourself, how much could I possibly win if I hit one of my outs? If you stand to win a lot of money, then your implied odds are high.
If you stand to win very little money by hitting your outs, then your implied odds are small.
KNOW THE EFFECTIVE STACK
When playing a hand, remain conscious of you and your opponents stack size in relation to the pot at all times.
If you both have deep stacks, then you usually will have high implied odds.
When calculating implied odds, you are making an educated guess on your possible win amount, and then deciding if the risk is worth it.
“I do what I do because it is the right thing to do. I am a warrior, and it is the way of the warrior to fight superior odds.”
3 POINTS OF IMPLIED ODDS
How many chips do you and your opponent have behind them? If you both have a lot of chips, then your implied odds will be high.
How strong is your opponent? If your opponent seems to have a strong hand, he likely will pay you off if you hit your outs. This means your implied odds are high.
Your image. If you have a loose image, you are likely to get paid off if you hit your outs, adding to your implied odds. If you are viewed as a super tight player, your implied odds may be slightly smaller.
USING IMPLIED ODDS TO YOUR ADVANTAGE
Call your opponents more in position on flops that give you outs, such as gut shot straight draws, but not a made hand.
If your opponent checks to you on the turn, this is a green light to bet.
If they continue betting on the turn you can fold your hand if you still have very few outs.
If you make your hand by the river, then you can make a large bet for value, as the pot is now big enough to make a significant bet.
If you miss your hand completely by the river, you can comfortably give up the hand and fold.