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Message: [QUOTE="jeffred1111, post: 590072, member: 19935"] You should always calculate odds, and not just pot odds and implied odds, but also the odds of your opponent bluffing, betting third pair, etc. This is how you gain an edge and end up winning in the long run, because even if you're a god at reading what your opponent has and make good laydowns preflop 100% of the time, you'll at best be break even if you make tiny mistakes over and over again postflop. Effective odds are more of a limit concept, but can also help you refrain from making too many loose calls. Let's say you have AK of diamonds in the CO and your raise gets called by a MP player only. Pot is 400. Flop comes 4d8d2s. Opponent bets 175 : you figure to have some implied odds (opponent has 3000 behind him after betting) Since you have so many outs, you call. Turn comes Qs. Now, opponent bets 300 into the 700 pot. Should you have called in the first place ? If we take a look back, it is clear that our call was marginal at best if we intended to follow through with our hand. The effective odds have us put 475 into a roughly 1000 chips pot, getting 2:1 on our hand. We do not have nearly the odds (the AK of spades are tainted, giving us 4 outs for overs and 9 for the flush) to take this price: opponent has called our raise preflop and we probably now have to lay our hand down. Plus, if the flush hits on the river, we are NOT getting payed off by anyone with half a brain (unless villain has a set). Raising was the best move on the flop: anyone trying to buy the pot would fold and we might get a free card on the turn if called. [/QUOTE]

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