Quote Originally Posted by EasyT
Super-Simplistic Definitions:

POT ODDS =
$-In-The-Pot / $-To-Call-The-Bet.

IMPLIED ODDS =
$-In-Your-Opponent's-Stack-That-You-Feel-They-Will-Call-Off-In-Future-Rounds-After-You-Have-Made-Your-Hand / $-To-Call-The-Bet.

This is over-simplistic because there are other factors you have to consider before calling with Implied-Odd. But basically if you look at the pot and decide it's right to call the bet, that's pot-odds. If you look at the stack sizes and decide it's right to call the bet, that's Implied-odds.

EasyT.