Bad. The difference in odds with two cards to come varies dramatically depending on how many outs you have.
But time for a small rant: New poker players today spend FAR too much time talking about percentages and odds. This is natural for a couple of reasons - one is that percentages are easy to show on TV, and a lot of new players get their exposure to poker this way. Second, a lot of hardcore poker wannabe’s are techie types who gravitate towards math in the first place.
But focusing too much on math will kill you. It is simply not important to know that your hand wins 23% of the time in a showdown vs 27% of the time. The difference between those two numbers is totally swamped by the intangible factors you should be paying attention to. The guy who is wrapped up in calculating the pot odds he needs for his draw may completely miss the fact that the other guy’s play indicates he doesn’t have much and might fold to a bet. Or that his betting pattern indicates that you are drawing completely dead.
You should learn relative hand strengths in a general sense. Know that a four-flush with two cards to come is almost always a playable draw in a limit game, and that a gutshot straight on the flop is only playable when the pot is fairly big. That’s good enough. Here’s a little quiz that illustrates this:
A good player limps in from early position. You call with 89s in late position. The flop is T73. The player bets into you. What should you do?
A) Fold. You have a straight draw, but there’s only 3.5 small bets in the pot.
B) Call. With implied odds, you should be getting the odds to draw to your straight.
Before you answer, hang on. Here’s what you should REALLY be asking at this point: What would a tight player be limping with from early position that he can bet into that flop? He would have raised with AK, AA, KK, QQ, and probably JJ. Are there any hands he could have that have a ten in them? Hmmn… Maybe ATs. But the odds are that he’s got AQ, AJ, KQ, or maybe a smaller pair like 99 or 88.
So the options I’d be weighing would be:
A) Call, with the intention of possibly raising him on the turn if a scary card for him lands. I’m in late position, so I could have anything. If he checks to me, I’ll consider either betting or checking, depending on what the next card is.
B) Raise. If he just calls, then if a scary card for me comes (A,K,Q) on the turn, I may just check and take a free card. If a scary card for him comes (T, 7, 8, 9), I’ll bet again.
Neither of those decisions has a whole lot to do with pot odds, other than the strategic raise that I might use to get a free card on the turn. WHat I’m really thinking about is what HE is holding, and what that means to my ability to win the pot.
And even on a straight odds calculation, it’s important to remember implied odds. The difference between 23% and 25% is not nearly as important as my understanding of whether I’ll be able to extract another bet out of my opponent if I do hit my hand.
When you’re in multi-way pots, the really critical thing to understand is what kind of draws you are up against. Too many players spend all their effort trying to figure out what the odds are that a flush will come in, without considering that a flush card that pairs the board may kill them, or that they’ll make a flush on the turn a fourth flush card will kill their hand, or that someone else is drawing to a higher flush.
When you have a made hand like top pair with no secondary outs (i.e. no 3 flush or 3 straight), and it appears that you are up against multiple draws, sometimes the best thing to do is to check and fold, even if you think you have the best hand. But the only way to know is to have an understanding of the kinds of cards your opponents will play from their position, and therefore how many big draws you may be facing.
Poker is a game that’s all about making the best decision in a sea of unknown information. The person who is the best at this will win the money. Spend your time honing your inductive reasoning so that you can eliminate those unknowns and outplay your opponents, rather than memorizing tables of exact odds.