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by ClaireYoung on Jul 28, 2010

Pot Odds Explained

If you’ve ever played poker at a live casino, you’ve probably been in a situation where a player is facing a bet in a big pot and he throws in his chips with resignation, explaining: “I’ve got odds.” Does he have odds? What does this mean? What this player is referring to, correctly or not, is the concept of pot odds, which is a concept that one must understand to play poker successfully.

Understanding Pot Odds

The pot odds are the odds the pot is laying you to try to win it. It is a ratio of the amount of money in the pot to the amount of the bet you are facing. In other words, someone has just bet $20 and it is your turn. There is $120 in the pot. This represents 6-to-1 pot odds. You are betting $20 to win $120, which is 120-to-20 or 6-to-1. It’s as simple as that.

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