Tips for Applying Odds in Poker

When facing a bet while drawing... what are the odds of making my hand ON THE TURN?

Most players calculate their pot adds as if they were all in and they would get to see the turn and river cards for the same price. You really need to figure out what your odds are of making your hand with the next card. After that, you might have to pay more.

Are there implied odds in floating an opponent?

If you will be able to bluff your opponent on the turn, you can add this to your expected value in the hand and justify a call on the flop much more often.

When facing a raise before the flop, how deep is my opponents chip stack?

If your opponents chips stack is small, than your implied odds will be small. There is less reason to gamble with an opponent who doesn't have a lot of chips. If your opponent has a lot of chips in his stack and he is willing to lose them all with 1 pair, then it pays to call before the flop with any 2 cards to try and hit a big hand.

Will he lose it all with 1 pair if I can outdraw him?

This goes along with the last question. You must figure out your implied odds in the hand based upon your opponents likelihood to pay you off if you are able to make a big hand that can beat him.

What advantage will these extra chips give me?

If doubling up early in a tournament will allow you to play differently and run over your table, than I consider it to be acceptable to take a coin-flip early on in a tournament.