Many people like to throw around the term "implied pot odds." The problem is that there is sometimes confusion with the definition. Implied pot odds should include the amount of bets you expect to win from your opponent. Some say, or at least act in such a way, that implied pot odds include the amount of bets you could win from your opponent. Expectation and potential are two very different things. To clarify and to ensure that you have the correct mindset when making strategic decisions, a much better term to use in your poker vocabulary is effective implied pot odds.
I just found this article and read it and wanted to point out that every single person needs to read it.
I went to Vegas in June (pre WSOP) and lost a bundle of money at the 1-2 NL tables. I had just read the Sklansky book and got carried away with playing my speculative hands in position with the idea of stacking someone. I failed to remember that I need more than simply a draw to a big hand ... my opponent has to have a very strong second-best hand, too. And that's simply not the case every time.
Anyway, this was a major leak in my game for a brief time (hopefully not any more), and I'm glad that Matthew chose this topic for an article.
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