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The mathematical
expectancies must also be modified by a further question you must
ask yourself: "Is there any point to betting?" For example,
you are against one other player in a draw poker game. He draws
three cards, and you draw three cards to two jacks. You make jacks-up.
The odds are 22' to 1 that he did not improve his pair, so mathematically
you have a good bet.
But the realities are that if he did not improve he probably will
not call, and your bet becomes pointless, whereas if he did improve
and calls, he can probably beat you. Therefore, mathematics or no
mathematics, you do not bet. If you had made three jacks you would
have bet, because mathematics tells you that the odds are 8 to 1
against his having made three-of-a- kind, and you may get a call
if he made aces-up or kings-up. When you are deciding whether to
stay or drop, and when betting is normal, mathematics is an excellent
guide. When players begin raising and reraising, mathematics goes
out the window.
Nevertheless, every poker player who aspires to be accomplished
should know the odds against improving on various draws, and he
should not forget to compare those odds against the odds offered
by the pot. This may seem so fundamental that it is hardly worth
mentioning, but not one poker player in a hundred bothers with these
figures, and the vast majority of all losses suffered in poker games
can be attributed to sticking around when the pot offers shorter
odds than the odds against improvement.
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