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BETTING THEORY: THE ODDS

  Before you bet, check, call, or raise, you should have a reason. 

  Often, if you ask a player why they bet in a certain situation, they’ll say something like, “I   thought I had the best hand.” 

  Although that’s probably the most common reason people bet, it’s almost never a good   enough reason to bet.

  Your reason for betting should be about the expected result from betting

  What’s going to happen when you bet? 

  How does that result compare with what will happen if you don’t bet? 

  The typical reason to bet or raise is to simple get more money in the pot. 

  The situations where you want to get more money in the pot depend on the odds-both of the   odds of your hand winning and of the money odds. 

  If the odds of your hand winning are greater than the money odds from a bet, then you’ll   profit by betting. 

  Before we get into the ideas and theories of betting, I need to discuss the different kinds of  poker odds you need to consider when thinking about a bet.

MONEY ODDS

  The concept of money odds is often confusing to beginning poker players. 

  It’s really not that difficult: At any given point in the play of the hand, there are three   sources of money, and each needs to be considered separately. 

  There’s money that’s already in the pot.  That’s called “pot odds.” 

  There’s money that’s going into the pot in the current betting round. 

  I call that “bet odds.” 

  And there’s money that will be going into the pot on future betting rounds which is called   “implied odds.”

                Past                            pot odds
                Current                         bet odds
                Future                          implied odds

  All these money sources are important, but their importance needs to be considered in   different ways.

Pick the Right Table / Picking a Seat / Theories of Poker

A Theory of Starting Hand Value

A Theory of Flop Play: Counting Outs and Evaluating Draws

The Dynamics of Game Conditions / Table Image / Player Stereotypes

Women and Poker / Spread-Limit Games / Double Bet on the End Games / Kill Games

Short-handed Games / Tournaments / No-limit and Pot-Limit Poker

 

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