Implied odds and reverse implied odds

Chiddy2114

can anyone explain the above to me please. I've read up on it but it's not going in ! Is there an easy way to calculate ?

Once you've worked out IO how do I know if I should call (I believe it's based on my stack size compared to the bandits? And my risk compared to how much I expect to win if I hit?)

Can anyone help simplify please ?

skeg_poker

Implied odds are basically how much money we expect to win from the hand if we make a draw or flop a set etc.

For example, lets say we have pocket 5s utg and a £4 chipstack, we raise it up to 3x the big blind (lets say its 4nl so that will be 12p) and someone re-raises to 40p. The guy who has re-raised is a tight player who doesn't 3bet much pre flop unless he has a big hand so we can put him on a big pair.

Everyone else folds, and it's back on you, there is now 58p in the pot and you have to call 28p, obviously we are not getting the correct pot odds to call but the chances of flopping a set are 7.5/1 (lets say 8/1 because of the fact our opponent could also flop a set as well as us etc) so we calculate our implied odds by saying to ourselves 'do i have more than 8x the 3bet by the opponent? (£2.40) And does the opponent also have 8x his raise? (£2.40) If the answer is yes to both of those, then call and see a flop. If you flop a set, then we would expect most of the time to get it all in after the flop. And if you don't flop a set, then it's an easy fold to a c-bet.

Difficult to explain really, i found it hard to understand at first and difficult to calculate but you will get used to it lol.

And reverse implied odds i have not got much idea about that, i know its something to do with the amount you expect to lose if you make a draw you're on and there's a chance that making your draw meant someone else made a better hand than yours. I will leave someone else to explain that to you, it will be something i'm interested in being able to calculate also lol.

Lambert180

Yeah basically your direct odds are the pot odds you are currently getting and implied odds take into account the amount you could potentially win on future streets if you make your hand. Remember implied odds vary vastly depending on your opponent. Some people will only ever get big money in post flop if they flop big in which case, you can be set-mining thinking you get stack him when you hit a set, but this isn't always the case because against some people you need to flop your set AND they need to hit big which will happen less often.

Resever implied odds (as the name implies) are the opposite so what you can stand to lose on future streets if you make your hand which ends up being a 2nd best hand. For instance, it can seem like set mining with 33 would be great when we're 500xBB deep because we're so deep, but in reality, because we're SO deep, we can assume a competent opponent isn't going to be getting it in 500xBB deep with worse than what is likely to be bottom set. So lots of the time we miss, and when we don't miss, if we come under real pressure then we are likely to not be good.

DAVEYZZ

all you need to know is they are both excuses  used by players who call you a donk for "not having the odds" to call and then stacking them...when they do this its called  implied odds''...:)