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Maths

Pot odds in poker

The price a call is offering you, expressed as the minimum equity that makes it break even.

Pot odds convert the size of a bet into the equity you need to call it profitably.

Facing a $50 bet into a $100 pot, you are risking $50 to win $200, the $100 already there, the $50 bet, and your own $50. You need to win 50 / 200 = 25% of the time to break even.

The general form is bet ÷ (pot + bet), where pot already includes the bet you are facing. Larger bets demand more equity: a pot-sized bet needs 33.3%, a half-pot bet needs 25%, a quarter-pot bet needs 16.7%.

Compare that number to your actual equity. More equity than the price means calling makes money; less means folding does.

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