Poker odds
Another huge mistake that poker players both expert and novice tend to make is a failure to properly (if indeed they do so at all) weigh the implied value, implied value is that additional bet that your opponent makes either when they call you, or bet on the river. Note that this is subsequent to you completing your bet, and always err on the side of caution. Having a clear grasp of odds is especially crucial at low stake games, where players are more likely to raise bets, and also knock down bluffs. Whilst failing to properly consider implied odds is a manageable vice in the (extremely) short term, if applied for any length of time, will severely diminish your bankroll, not to mention your confidence! Being comfortable and competent with odds is essential both in the context of offensive and defensive playing, as it will determine when you should quit, and fold your hand, and when to press home your advantage. Many average players (ok most) get sloppy, or overconfident and look at one decision and simply think that because they are getting a certain level of odds, then they should take that particular action. However, the dynamic of the game will shift with the turn. For example, the pot can be valued at $30 giving you a grand total of 5:1 drawing odds on the turn, even if you factor in the implied value, you cannot carry on in the draw, and will have to fold, unless you plan on bluffing your opponent. It bears repeating: in poker, always err on the side of caution. Dont let greed sway your judgement, and make you play on tilt, making you lose your focus. Make sure to factor in implied value at all times.
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