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Re: Dichotomy of Betting and Odds
 Originally Posted by Thunder
One of the earliest things we learn is to assess our odds for continuing to stay in a hand and if the odds are not favourable then we exit. Then we learn about implied odds and so to me, there is a dichotomy at play.
Let's say you have KQ diamonds and the action, after the pot had been raised pre flop, is 3 way and the flop comes down Ad 5h 5d. Villain one bets the pot and villain 2 reraises. Both seem to have hit whilst you have missed completely.
This is being a little nit-picky but knowing specifics of the betting and stack sizes in play is sort of important here, but I'll elaborate on that in a moment.
 Originally Posted by Thunder
At this stage, general theory would tell us to make a sharp exit but the very fact that there is action leads us to the assumption that this activity will continue thus giving you massive implied odds should you hit your hand (in this case, a flush).
In the type of hand you've brought up, there is a lot more that determines our decision, like position, whether we have someone left to act behind us, and so on. The paired board also kills our odds and makes this an easy fold in the vast majority of spots.
 Originally Posted by Thunder
So on the one hand, we should leave pretty damn fast but on the other, it's likely that one - or both - is willing to go broke and continue betting.
If your approximation of your implied odds is correct then it's perfectly fine to go broke in a single hand if you're getting the implied odds to call. You'll still make a profit.
 Originally Posted by Thunder
Now I won't hang around with my KQ diamonds but the example is correct, is it not? And that there exists the paradox of betting offering insufficient pot odds actually increases implied odds. And that as the implied odds increase, our chances of emerging the victor drop dramatically.
Learning about implied odds is mostly geared towards playing draw hands. On the other hand, learning about regular pot odds is important for a lot more than calling down with draws. This is why you're taught both.
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