As a regular tournament or cash game player, it is important to be familiar with the mathematics of poker. It involves working out the odds of each situation so that you can determine what the most profitable action will be. A good poker player can take into account their pot odds, implied odds and also their reverse implied odds when calculating their next action. Poker Indian Group that provides latest poker news in India sums up few errors that can be made when trying to work out the correct odds in each situation. The top 3 common mistakes are:
The common mistake that the players make is working out the incorrect odds they have for a draw. Many players will look up and remember the odds of completing draws like straights and flushes by the final river card. These figures may be correct but will be not profitable to use the odds when you are calling a bet on the flop to try and complete your draw by the turn. Many odds charts will suggest you complete the draw by the river like the chance of completing a flush draw after turn and river have been dealt with is roughly 2:1. If you are using these odds to compare whether you should call a bet on the flop to try and make one hand by the turn, then you may face one more bet on the turn and see the river.
Some poker players prefer to work out the percentage odds to determine whether to make a call or not instead of using the ratio method as above. There is a basic mistake that is frequently made using this method especially if you already used to work with the ratio method. The common mistake the players make that they don’t add their own call into the total size of the pot when working out your percentage pot odds. However, with ratio odds, it is something that you are not required to do but with percentage odds, it is important that you don’t forget to do so.
This is far less of a problem as you will rarely require to mix probabilities and odds at the table when working out draws. It is useful to be aware of the differences in them. For instance, having 1 in 4 odds of completing a draw is little different to having 4:1 ratio odds of completing a draw. The 1 in 4 odds takes place over four trials where you will obtain unwanted outcome 3 times and the wanted outcome once. So, in the 4:1 ratio odds, there are 5 trials where you will obtain the expected outcome once and unwanted 4 times.
There are several ways where a player can slip up when using mathematics in poker. It is not common to have regular veteran players make these simple mistakes so don’t be too concerned if you make a small mistake now and then.
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