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Poker Dictionary – Implied Odds

Poker players are well known for using jargon that is not common knowledge. Among the hundreds of terms used every day, ‘implied-odds’ are directly related to your bankroll. Today, we will look at the poker term ‘implied odds.’ 

What are implied odds?

Implied odds are the amount of money that a player expects to win on the later streets if a player hits one of the outs. The combination of implied odds with pot odds is most commonly used to understand if calling a particular bet is worth it or not. When a player expects to win more money from their opponent after you hit your draw, it means that you have good implied odds. If you aren’t hoping to make it big in that particular hand, you have little or no implied odds at all. 

How do implied odds work?

Implied odds are mainly used when a player is facing bet withdraws. It is also important when a player is a bettor. Implied odds help you shape your defending as well as attacking ranges. These odds also have a massive impact on your win rate if you use them wisely. 

If a player clearly understands implied odds, then it will be helpful for them to generate profitable situations often. Players do not get confused between implied odds and pot odds as both are extremely different concepts. Here is the formula for calculating implied odds:

= [( 1 / EQ ) * C] – ( P + C )

• EQ in the formula stands for your hand’s equity vs the betting range
• P in the formula stands for the size of the pot after the opponent bets or raises
• C in the formula stands for how much the particular player has at that specific moment. 

The calculation helps you know how much money you need to win in the next street. As per the final calculation, if you get a negative response, you already have correct pot odds and can continue without relying on implied odds. Players, we will write more about implied odds and why every poker player must read about it in the upcoming articles. 

To read more about such poker terms, keep reading Gutshot Magazine. Follow us on our social media handles like Facebook, Instagram, Twitter, and Telegram.

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