Axis Allies Calculator

Reviewed by: David Chen, CFA.

The Pot Odds Calculator helps poker players quickly determine the required equity to make a profitable call based on the current pot size and the cost of the opponent’s bet. This is a fundamental concept in poker strategy.

Pot Odds Calculator

Pot Odds Formula

$$ \text{Required Equity} = \frac{\text{Amount to Call}}{\text{Current Pot Size} + \text{Amount to Call}} $$
Formula Source: Investopedia Formula Source: PokerNews

Variables

The calculation requires two primary inputs:

  • Current Pot Size: The total amount of money/chips in the pot *before* the current bet.
  • Amount to Call: The size of the bet you face, which you must call to continue the hand.

Related Calculators

Poker Equity Calculator Implied Odds Calculator Expected Value (EV) Calculator Bet Sizing Calculator

What is Pot Odds?

Pot odds represent the ratio between the money you could win (the pot) and the money you must put in (the call). Understanding this ratio is crucial because it directly translates into the minimum percentage chance (or “equity”) your hand needs to win at showdown for your call to be mathematically profitable in the long run.

If your hand’s chance of winning (your hand equity) is higher than the required equity percentage calculated by the pot odds, then calling the bet is a positive expected value (EV) move. Conversely, if your equity is lower, you should generally fold. It is the most fundamental mathematical concept in No-Limit Hold’em.

The required equity is simply the amount you need to call divided by the total size of the pot *after* you make the call. This percentage tells you how often you need to win to break even on your investment.

How to Calculate Pot Odds (Example)

Imagine the pot has $80, and your opponent bets $20. You have to call $20.

  1. Determine the Total Pot after Call: Add the current pot size and the amount you must call: $80 + $20 = $100.
  2. Determine the Pot Odds Ratio: The ratio is the total pot to the amount you call. $100 (Total Pot) : $20 (Call). Simplify the ratio by dividing both sides by 20, resulting in a 5:1 Pot Odds Ratio.
  3. Calculate Required Equity Percentage: Divide the amount to call by the total pot size: $20 / $100 = 0.20$.
  4. Convert to Percentage: Multiply by 100: $0.20 \times 100\% = 20\%$. Your hand must win at least 20% of the time to make calling profitable.

Frequently Asked Questions (FAQ)

How do I convert a Pot Odds ratio (e.g., 3:1) into a required percentage?
If the ratio is X:1, the required percentage is $1 / (X+1)$. For 3:1, it’s $1 / (3+1) = 1/4 = 25\%$.
What is the difference between Pot Odds and Implied Odds?
Pot odds only consider the money currently in the pot. Implied odds consider the money you expect to win on future streets if you hit your hand, making the call worth more than the current pot suggests.
Should I always call if my hand equity is higher than the Pot Odds?
Mathematically, yes. However, in practice, you must also consider factors like opponent tendencies, future action (reverse implied odds), and whether you are playing in a tournament or cash game.
What does ‘winning the pot’ mean in the context of Pot Odds?
It refers to the frequency with which your hand will be the best hand by the river. For example, if you have 8 outs on the turn, you have about 18% chance (4x rule) to hit your hand, which you compare against the required equity percentage.
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