Often you will have to make a
decision with more than one betting
round ahead, for this kind decision
with more than one effective odds
rather just the betting round ahead,
for this kind immediate pot odds.
Effective odds take into account
future bets that you may have to
make to make in order to win the pot.
So for example, on the flop we make a 4 flush. We know the true odds of making our
flush by the river is 1.9 to 1. We need to make a $10 call for a $30 pot, giving us the
immediate pot odds of 3 to 1. So it looks like a cheap deal just considering the pot odds.
But we have two more cards to come and need to consider what happens if the turn is
still no help. If we consider that we may have to call another $20 bet on the turn, the
effective odds are actually $50 to $30. This is because we can anticipate that on the
turn we will be faced with another decision where there will be a pot of $50 and we will
have to call $20, this gives us a total outlay of $30. So the real effective odds are 50 to
30 or 1.67 to 1. Given the real odds to making the flush by the river are higher (1.9 to
1), we should throw away this hand.
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