Equity and Implied Odds
Many players calculate the equity of their hand at the current moment, compare it to the size of the pot, and base their decision solely on that calculation. Those decisions are correct if there is no future betting. But when there is future betting or even the potential for future betting, the equation isn’t correct. That’s because the “implied odds” of the future betting affects the price the future pot is laying you. That future betting can either increase or decrease the value of your hand. ...