Quote Originally Posted by bigslikk
Also, Gordon's answer of 282 is correct, if you use his dumbed down rule of 2. I like those rules, they are what I use at the table. However, his shortcut figured Lederer's chances too low.
This is why I would bet MORE than $250, or $282, or whatever I thought his break even point was, even just rounding up to $300 or $350. The point isn't get into a coin flip. The point is to get more money in the middle ONLY if I'm ahead or have better odds than my opponent.

And if you overbet, he folds. You win $1,000. Also, the Rules of 2 and 4 slightly overestimate YOUR pot odds, when you're playing from Lederer's perspective. So they won't get you in trouble when used for their intended purpose. When you're playing against an unknown draw, big a bit bigger than they suggest.