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What are Implied OddsIf you're already familiar with the risk vs. gain equation used to compute pot odds, then you're well on your way to understanding implied odds too since the two concepts are closely related. Furthermore, using both pot odds and implied odds to consider your next move is the only way to know the expected value of a hand which is a crucial concept at the higher levels of poker. What are implied odds in poker? Implied odds are basically your odds of getting your desired hand. Implied odds aren't perfect because you rarely if ever know all of the cards that have already been dealt from a deck, but they'll get you a lot closer to predicting the outcome of a hand than blind guessing. To understand implied odds, you should also be familiar with “outs.” If you've ever watched poker on TV before, then you've heard of outs even if you don't know what they are. Many of these shows will display a line of cards at the top of the screen; these cards represent all of the cards left in the deck that can help a player's hand. And that's exactly what outs are – they are the number of cards/chances a player still has of improving their hand. Take that number against the number of total cards left in the deck, and you've got your implied odds. For example, let's say a Texas Hold'em player has four cards toward a straight after the flop. Their cards are consecutive, they have no knowledge of any of their needed cards having been dealt to other players, and there are currently 32 cards left in the deck. Only two cards in the deck can complete the player's straight, and none of their cards have paired. The odds against a player getting their hand, then are 32: 2 or 16:1. If they don't get the card they need on the turn, then their implied odds going into the river will be a dismal 31:1. It's a hard hand to fold, but with so few outs it's also a hard hand to win. Apart from giving you a clear idea of your likelihood of hitting a big combination, implied odds are also useful when used in conjunction with pot odds to determine expected value. To do this, you'll simply compare the two numbers. In order for a hand to be a good bet, your pot odds need to be positive, and they need to be larger than your implied odds. This signals a good risk vs gain scenario.
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