Quote Originally Posted by grumpy64 View Post
I think the formula is c=1-alpha i just have no idea what alpha is
alpha is {total risk}/{total reward}

In poker, {bet} is the amount you have to call, and {pot} is the amount of dead money prior to that bet.
So {bet} is your total risk, and {bet} + {pot} is the total reward.

Therefore pot odds = {bet}/({bet} + {pot}) = {total risk}/{total reward} = alpha