Implied Odds

Pot odds and implied odds answer two different questions about the same call. Pot odds ask what the call costs right now. Implied odds ask what the call costs once you count the chips you can still win on later streets. Treating them as two versions of the same number is the source of most confusion. If either term is unfamiliar, what pot odds mean covers the first one from scratch. They are not competing estimates. One is a floor and the other is a projection. ...

Implied odds are the extra money you expect to win on later streets after your draw completes. They extend basic pot odds by accounting for future betting, which can make a call profitable even when the immediate pot odds alone would reject it. While pot odds answer what a player needs right now to make a mathematically correct call, implied odds estimate what can be won later if the hit occurs. ...