Pocket Equity

Poker equity & odds calculators

Implied odds

Extra money you expect to win later if you hit.

Definition

Implied odds are the additional chips you expect to win on later streets that effectively improve the price of a call right now.

Key points

  • Implied odds matter when there will be more betting after you call.
  • They depend on opponent tendencies and stack sizes (SPR).
  • Overestimating implied odds is a common leak with weak draws.

Common misconceptions

Myth

Implied odds always justify chasing draws.

Reality

Future winnings must be realistic and discount for losing runouts.

Myth

Implied odds are fixed for a hand.

Reality

They change with stack depth, position, and board texture.

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