In poker, pot odds are the ratio of the current size of the pot to the cost of a contemplated call. Pot odds are often compared to the probability of winning a hand with a future card in order to estimate the call's expected value.
Read more about Pot Odds: Converting Odds Ratios To and From Percentages, Using Pot Odds To Determine Expected Value, Implied Pot Odds, Reverse Implied Pot Odds, Manipulating Pot Odds, Bluffing Frequency
Famous quotes containing the words pot and/or odds:
“One could love reason like an Encyclopaedist and still be favorably inclined toward mysticism. Throughout the ages, up to the eyes of van Gogh, when he looked at a coffee pot or a garden path, mysticism has expanded the human realm by all sorts of threshold experiences.”
—Robert Musil (1880–1942)
“The new always happens against the overwhelming odds of statistical laws and their probability, which for all practical, everyday purposes amounts to certainty; the new therefore always appears in the guise of a miracle.”
—Hannah Arendt (1906–1975)