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PREDICTABLE PLAYERS

The average player
The average player does not do anything too extreme, he likes to play, but he is not overly aggressive with his hand nor does he play too passively. He will bet when he has a good hand, he will raise when he has a great hand, he will call when he has a passable hand, and he will fold when he has a poor hand. The average player will give himself excuses to stay in the hand rather than fold. The average player may be different at different limits. The average player in a $20/$40 game is a better player than the average player in a $5/$10 game. The average player in a $20/$40 game knows to play a little bit tighter (although he will still play too many hands) and knows a few tricks such as raising with a flush draw on the flop, although he may not know exactly why it may be a good play. The average player in a 5/10 game does not do anything overtly stupidly like call two raises with 96o, but he plays even more hands than the average player in a 20/40 game. The average player will put in a bluff now and then but not all that often. When he raises, you can usually count on him having a premium hand.
The calling station
The calling station likes to play along, and follow with everyone else. He does not want to disturb the game and perturb any of his fellow comrades by unnecessarily raising. When the calling station bets, you know he thinks he has a good hand. When the calling station raises, you better run for your life, because he has a monster. The calling station will play many hands, has no problem limping in while in early position, calling a professional player’s early position raise, or calling a bet when he has a pair of 8’s when there are three overcards on the board. Beware, the calling station could be unintentionally trying to rope-a-dope you. If you play too aggressively into him without a made hand, he will simply call you down with a middle pair or a bottom pair. You do not want to bluff the calling station because he thinks it is a social game like the one in his hometown where everyone plays just about every hand to the River and show the winning hand. He is our friend and as our friend, he will not get scared by your actions, he thinks you are his friend as well. A calling station is always a bad player.
The rock
Strangely enough, the rock and the calling station have some similarities. Like the calling station, the rock will only bet with good hands and only raise with very strong hands. As with the calling station, you must be very careful when the rock bets or raises. It is important to give both the calling station and the rock respect when they show aggression. That is where the similarities end. The calling station plays a lot of hands, while the rock plays very few hands. The rock may sit there for hours folding his starting hands and will have no problems folding his blinds. He is the prime candidate to steal the blinds from, but when he does play a hand, watch out. The rock usually thinks he is a better player than the average player. He values patience above all else, and since he is the most patient at the table, he usually thinks he is the best. In some games, he may be right. Some rocks will open up their game when they lose a few bad beats because they cannot believe the worse players are beating them, but most of them will have more discipline, which is why they were rocks to begin with. A rock is typically a good player, although he will not extract as much edge out of the game as better players will, a rock would not be defined as a sharp player. Rocks can be long term winners in low limit games and some middle limit games, but they will need to expand their game and creativity in order to win in the higher limit games.
The solid player
The solid player is a player who has some idea of correct play. He knows he needs to be patient to win at this game, but he is not overly tight. He will play more hands than a rock and he will usually be aggressive when he does play. If he raises from early position, he is predictable because he will have a quality hand. If he open-raises from late position, his hand will be harder to predict because he understands he can loosen up in that position and he is not afraid to try to steal the blinds. You normally want to avoid the solid player when he is raising. He may not bluff or semi-bluff enough because he does not usually take too many chances. Some players will play like a solid player only to morph into a different type of player after a while at the table. The solid player is a good player.
UNPREDICTABLE PLAYERS
The loose aggressive player
The loose aggressive player likes to play a lot of hands. Unlike the calling station, he likes to play them with raises instead of calls. He will raise and bet when his cards are warranted, but he may sometimes bet and raise when it is not clear that he has the best hand at the moment. The loose aggressive player likes to bet on the come. He will use the free card raise as often as he can, even if he just has overcards. Once he raises for the free card, he oftentimes feels compelled to keep betting due to the perceived weakness of his opponents if they are just calling him. It may feel necessary to rope-a-dope the aggressive player by flat out calling him instead of scaring him off with a raise or a re-raise. At times you may feel that he has just enough to go toe-to-toe with you even though you have the nut hand. The loose aggressive player is always trying to steal the blinds, even from middle position. He will bluff more often than the average player and he loves the semi-bluff concept and overdoes it. Because he plays so many hands and is aggressive with them, it may be harder to predict his holdings. They may sometimes run you over when they actually have the goods. Loose aggressive players are usually not good players, however they can get in some streaks where it may seem like they are the best player around.
The maniac
The maniac is Mr. Hyde to the loose aggressive player’s Dr. Jekyll. The maniac is completely out of control and raises sometimes even without looking at his hole cards. Everyone is licking their chops to get a piece of this guy. Maniacs will raise and bluff way too often and they will usually lose their money quickly. Maniacs may not play like maniacs all the time. Sometimes players who are just having a bad day turn into maniacs when they are on full tilt. This can happen after they have been dealt a couple of bad beats which could lead them to play very aggressively in order to get back to even. The maniac is a horrible player.
The professional players
The professional players are the best players and the ones that you least like to see at your table. They could be playing poker as their main source of income or they could be playing it as a supplemental income. They are playing poker mostly to win unlike other players who may be playing for the gamble, the entertainment or just the competition. Professional players understand the importance of playing aggressively when they have a solid hand and they also understand the importance of choosing their hands selectively. They will try to extract the most amount of edge from their opponents when they have the best of it, but try to get away cheaply when they have the worst of it. Professional players have thought about and studied the game, be it through reading, talking to other players or just thinking about the game. Professional players will still have a wide range of characteristics in their style. Some will be more aggressive than others, some will bluff a bit more than others. Of course, there are always those who consider themselves as professional players who really are not.
Players can change styles depending on if they are winning or losing
There are players who will try to play solidly when they first sit down, and continue to play solidly if they start off winning. But some players can change their styles drastically if they start to lose, particularly if they take a bad beat. All of a sudden, these players will go from playing solid to being a bit more aggressive, semi-bluff and bluff more. If they continue to lose and get some of their bluffs called, or better yet, get another bad beat, they could wind up opening up their game and could turn into a maniac-type of player.
This is one of the situations where having played with the player in the past and knowing this particular characteristic is very useful. If it is the first time you ever played with him and he plays like this, you may assume this is how he plays and use that information the second time you play at the same table with him. But the second time around, he may be running good and playing solidly, in which case, your perception of him will be completely off.

All-Blogs

Knowing how the other players play is one of the keys to achieving success at Limit Hold’em. When sharp players know their opponents well, sharp players will know how their opponents act and think.
Understanding how your opponents play is more useful when pots quickly become heads-up as opposed to being multi-way pots. This means it is more useful in shorthanded games and less useful in low limit games. In shorthanded games, pots will become heads-up on the Flop more often than in full games because fewer players are needed to fold to get to that point. In low limit games, players will play looser in general, so more players will be seeing the Flop and beyond. When the opponents play looser, the tighter players can correctly expand their playable hands with good drawing type of hands. So the looseness in low limit games compounds upon itself. With many players, it becomes tougher to use any one player’s tendencies to your advantage, since there are other players in the hand to consider as well. With that said, any player who knows how his opponents play will always be better off than a player who does not.
I will break down player stereotypes into two major categories, predictable players and unpredictable players. Both categories have their share of bad players and good players. Players can be predictable whether they play loose or tight, but generally predictable players are passive. Players can be unpredictable whether they play loose or tight, although generally the unpredictable players are more on the aggressive side. Sometimes certain players may become extremely predictable in certain situations when they are not normally.
PREDICTABLE PLAYERS
Predictable players are easier to play against than unpredictable players. When predictable players act, the strength of their hand will typically be clear based on their actions. It may be that when they bet or raise, they have a strong hand. It may be that when they have a strong hand, they never raise on the Flop but always wait to raise on the Turn when the bet size doubles. Conversely, it may be that when they raise on the Flop they never have a made hand but are raising for a free card. A good, sharp player has a better idea of the strength of predictable players’ hands based on their actions, although a poor player may not pick up on it. Different players will be predictable in different ways.
UNPREDICTABLE PLAYERS
Unpredictable players are not necessarily good or bad players. When they act, it is tougher to pinpoint their hand compared with pinpointing a predictable player’s hand. Unpredictable players will use strategies such as bluffing and semi-bluffing often, sometimes too often. Even though good players can be somewhat unpredictable, there is only so far they can take this. If they are too unpredictable, it will mean they are playing too many hands, and giving up too much edge for the quest to be unpredictable. Instead, good players will choose his spots to be unpredictable, spots where playing unpredictably may give them the greatest edge. Players who try to play unpredictably all the time invariably play too many hands and thus are giving up too much edge for their trickiness.

Your position
Your position is simply where you are in relation to the button. Being on the button is the best position because you will act last in all but the first betting round. Being one to the left of the button is then the worst position.
Position is perhaps the most undervalued component of good hold’em play. It’s easy to see that bigger cards are better, suited is better than non-suited, and if there is raising going on, you need a stronger hand to play. However, many (if not most) low-limit hold’em players make their playing decisions without considering their position. If you play without careful attention to your position, your bankroll will suffer.
By acting after other players, you know what they will do (check, bet, etc.) before they know what you will do on a given betting round; this gives you an advantage. For instance, suppose you have a very strong hand. If your opponent acts before you and bets, then you raise. If he checks, you bet. Regardless of his action, you get the maximum amount of money in the pot. On the other hand, if you’re first to act, then you must decide between betting immediately, hoping he will call, or trying to check-raise. If you check with the intent of raising and he checks too, you have lost the bet you would have made had you bet and he called.
Here’s another example of the importance of position. Suppose you have 55 as your starting hand. If you are the first to act before the flop, you normally shouldn’t call. We will cover this in detail shortly, but you need a lot of opponents to play small pairs. Suppose you call with your 55 in early position. If the next player to your left raises and scares out the other players, you now wish you hadn’t called the original bet. However, suppose you are on the button. If somebody raises early and limits the pot to two players, you fold, knowing you’re doing the right thing. But if six players call in front of you and there’s no raise, you can call with your fives. Simply being closer to the button means you have more information about how many opponents you will have and how much you’ll have to invest, enabling you to play this hand.
There is one aspect of position that is perhaps not as important in low-limit hold’em as it is in the higher limits. In tough hold’em games, when the flop doesn’t hit anybody, the player last to act can often bet and win the pot immediately. Because of the number of “calling stations” that are often in a lower limit game, it’s unlikely you’ll be able to do that. However, good position is still vitally important, and you must consider it at all times.
For the purposes of this text, we will consider a nine-player table. We’ll declare the first four positions to the left of the button “early position,” the next three “middle position,” and the last two (including the button) “late position.” Of course, you’ll need to adjust this for the exact number of players at your table. When doing so, tend to err on the side of caution; if you can’t decide if it’s early or middle position, call it “early.”

Your relative position
There is another aspect of position to consider - let’s call it “relative position.” It is where you sit in relation to specific other players at the table. Obviously, your position with respect to the button will change as it moves around the table. Your relative position to another player will be less volatile. For instance, if you sit immediately on a player’s left, then you’ll act after him on every hand with the exception of ones on which he has the button. If you sit directly opposite him at the table, you will act before and after him equally often.
If there is a player who is very aggressive and raises a lot, you’d generally like to be to his left. That way, you’ll see those raises coming before you act and can drop your marginal hands. If you sit to his right, too often you call one bet only to have him raise behind you and now you wish you’d saved the first bet.
If, however, that player bets and raises almost always (let’s say 90-95% of the time), then you want to have him on your left. Because he’ll be initiating action so frequently by betting or raising, you’ll effectively act last after he has started the action. For instance, this gives you the opportunity to check-raise the entire table when you make a strong hand. Remember, for this to be correct, that particular opponent must be almost guaranteed to bet or raise when given the chance. Otherwise, keep him to your right.
In general, you’d like to have loose passive players to your left. They behave predictably so you’re more willing to have them act after you. You will have an easier time predicting what they’ll do, and will make the right play more often.
You may even want to move into an empty seat that gives you better position with respect to certain players.

TBC

Your decision to call, raise, or fold before the flop must be based on several factors. Among the most important are:
1. Your cards
2. Your position
3. Your relative position
4. How much money you must invest initially
5. The number of players in the hand.
6. How your opponents play
If you ignore any of these factors when making your first playing decision, you are not likely to be a winning hold’em player.

Your cards
Starting hands (the two cards that are unique to your hand) in hold’em fall into some natural categories. You will learn that hands in different categories do well in different situations, so you need to understand and remember these categories.
Pocket Pairs: two cards that are a pair, for example, “pocket 9’s.” Since the difference in value between pocket aces and pocket deuces is so huge, we will separate the pocket pairs into three sub-categories: aces down through jacks are “big” pairs, tens through sevens are “medium,” and sixes through twos are “little” pocket pairs. These subcategories are, of course, somewhat arbitrary, but this is a reasonable division.
Big Cards: two “big” cards, ace through jack. A♣-Q♦ and K♥-J♦ are examples of offsuit big cards. A♥-K♥ and K♠-Q♠ are examples of suited big cards.
Connectors: two cards one apart in rank. They have the ability to make straights and, if suited, flushes and straight flushes. Examples are T ♦ -9 ♦ and 6♣-5 ♠. Note that QJs has the distinction of being both “Big Cards” and a “Suited Connector.” We sometimes include in this group the lesser quality hands with gaps between the ranks. For instance, 9♠-7♠ is a suited “one-gap.” T♣-7♣ is a suited “two-gap.”
Suited Aces and Kings: fairly self-explanatory. Examples are A♠-8♠, K♥-9♥. Of course, a suited ace is much stronger than a suited king because if you make a flush with it, you have the nut flush, whereas the king high flush can be beaten by the ace high flush. Having an ace high flush is much better than having a king high flush. Having a king high flush is only a little better than having a queen high flush.
Believe it or not, even if you chose to play only hands that are in these categories, you would be playing too many hands. Some of them are not strong enough to play in certain positions and some of them (32s comes to mind) are generally not strong enough to play anywhere. However, many of your opponents will play every hand that fits into the above categories, and a lot more as well.

TBC

1/ You hold 6♣ 5♣ in the big blind. An early player calls, the button raises, the small blind calls, and you call. Four players see the flop of 9♠ 6♦ 3♦. You bet out. The early player calls and the button raises. The small blind calls and you call. All four players see the turn of 5♦. The small blind bets. You raise, the early player reraise, and the small blind calls. There is $320 in the pot. What do you do? (The answer is below  in black font. Mark all the space below in order to know the right answer.)   Answer: Call. You are most likely against a flush. There is also a chance you could be against a straight or a set. You have four strong outs to a full house unless an opponent has 99, or possibly 66 or 55. Four outs are 11 to 1 requiring only a $220 pot for calling to be correct. Note that your raise on the turn was questionable, as a flush was a high possibility given that three opponents paid two bets on the flop to see the turn. In the actual hand, the player called and lost to the early player who showed A♦ Q♦.   2/ You hold Q♥ J♥ in early position. An early player calls, the next early player raises, and you call. A middle player, the cutoff, the button, and the big blind all call. Seven players see the flop of 9♣ 8♠ 6♥. The cutoff bets and the button raises. The first early player calls and the preflop raiser folds. You call and four players see the turn card of K♦. The cutoff bets, the button calls, and the early player calls. There is $430 in the pot. What do you do? (The answer is below  in black font. Mark all the space below in order to know the right answer.)  Answer: Call. Calling bets on the turn for a gut-shot straight is rarely correct unless the pot is quite large. In this hand, the pot is large and your call will close the betting so that you don’t risk a raise behind you. Your four outs are to the nuts since the board is not two-suited or paired. Four outs are 11 to 1 against improving requiring a pot of $330 to justify a call. In the actual hand, the player called and the T♥ fell on the river. He bet and one opponent showed T♠ 9♠.   

3/ You hold A♠ 3♠ in middle position. A middle player limps in and you call. The cutoff, button, and small blind all caps. A wild unpredictable player raises from the big blind and everyone calls. Six players see the flop K♠ Q♦ J♠. The big blind bets, you call, the cutoff raises, and you both call. The turn is the K♣. The cutoff bets and the big blind raises. There is $360 in the pot. What do you do? (The answer is below  in black font. Mark all the space below in order to know the right answer.)  Answer: Fold. You are 4 to 1 against hiding the flush and are getting sufficient pot odds of 6 to 1 on the flush if it would win. However, there are several problems with calling in this situation.   Assuming that your opponents don’t already have a full house, couples of your outs are probably counterfeited and should be disregarded since it is likely that at least one of your opponents holds a king. In this case, you will lose to the Q♠ or to another spade if it matches your opponent’s kicker card. This reduces your outs to seven, which is 6 to 1 against improving and is even money with a pot of $360; however, this is your best case. With a pair on the board, you need to discount your outs for the decent chance that you are drawing dead to a full house. Possible hands of your opponents include KK, QQ, JJ, KQ, and KJ. Some players may add outs for the possible straight; however, you would lose to a full house or KT. Even if the straight won, you would probably only split the pot.   In the actual hand, the player called. The flush came on the river. The big blind folded and the cutoff showed K9. The player collected a large pot in this particular case, but his call has a long run negative expectation given the pot size and betting sequences that occurred in the hand.   

4/ You raise in early position with A♣ K♣. A middle player calls and both blinds call. Four players see the flop of 9♠ 5♦ 3♦. The big blind bets, you raise, the big blind reraise, and you call. The turn is the 2♣. The big blind bets. There is $320 in the pot. What do you do? (The answer is below  in black font. Mark all the space below in order to know the right answer.)  Answer: Call. The worst case scenario is that your opponent has a set or two pair. A straight is doubtful based on the betting sequences in the hand. Even in the worst case scenario, you still have four good outs to a gut-shot straight. A gut-shot draw is 11 to 1 requiring a pot of $440; however, you also have additional outs if your opponent is betting a pair. These outs are counterfeited however if your opponent holds A9, A5, A3, K9, K5, K3, a set, or two pair. I would discount the six outs to the ace or king down to three outs; therefore, J would play the hand as if I had seven outs, which is 6 to 1. Odds of 6 to 1 require a $240 pot; therefore, calling is justified. In the actual hand, the 4♦ came on the river giving the player a straight while his opponent showed 5♥ 3♥.    5/ You hold A♣ K♣ on the button. A middle player calls and you raise. The big blind reraise and you both call. Three players see the flop of Q♠ J♥ 8♠. The big blind bets and you call. The turn is the 9♦. The big blind bets. There is $270 in the pot. What do you do? (The answer is below in black font. Mark all the space below in order to know the right answer.)   Answer: Fold. You have 10 outs to improve your hand; however, an ace is counterfeited or already no good if your opponent holds AQ, AJ, AT, AA, QQ, JJ, or TT. All of these hands are possibilities from a reraise in the big blind. In fact, the only reasonable hand that you could expect to beat if an ace comes is KK. If the river is a king, your situation is worse as you could not heat any reasonable hands, and will only split if your opponent holds AK also. You have four strong outs to the gut-shot straight, although there still is the possibility you might split. Four outs are 11 to 1 and require a pot of $440 to be profitable. In the actual hand, the player folded.    

1/ You hold in the small blind. A middle player and the button calls. You call and four players see the flop of . The middle player bets and the button calls. There is $120 in the pot. What do you do? (The answer is below in black font. Mark all the space below in order to know the right answer.)

Answer: Fold. You have five outs to improve your hand, which is 8 to 1. The pot odds are only offering 6 to 1 so you should fold. Even with better pot odds, you would need to discount your outs for the possibility that you are drawing practically dead to AA, QQ, 99, 66, AQ, A9, A6, K6, Q9, Q6, J6, and T6. Rarely draw to two small pair unless the pot is exceptionally large, and preferably when an ace is not on the board since there is a better chance that your outs are counterfeited with someone holding Ax {any hand with an ace in it).

2/ You hold in the small blind. A middle player and the cutoff call. You call and four players see the flop of . You check, the big blind bets, and the middle player and cutoff both call. There is $140 in the pot. What do you do? (The answer is below in black font. Mark all the space below in order to know the right answer.)

Answer: Fold. You have five outs to improve your hand; therefore, you are 8 to 1 against improving requiring a pot of $160. In addition, with so many callers, there is a good chance that one of your opponents flopped a straight, a set, or two pair with this type of flop. If an opponent has two pair, your outs are reduced to three if they hold a 9 also. If an opponent holds a pair, your ace is counterfeited against AQ or AT. Even in the best case scenario where you improve to the best hand on the turn, with so many opponents there will be many ways you could lose on the river. You need very good pot odds to draw with such a dangerous flop against so many opponents. In the actual hand, the player folded. One opponent showed Q9 and the other KJ.

3/ You hold on the button. An early player and middle player call. You raise and the small blind calls. Four players see the flop of . The middle player bets. There is $10 in the pot. What do you do? (The answer is below in black font. Mark all the space below in order to know the right answer.)

Answer: Raise. Note how your hand and the flop are almost identical to the previous problem; however, there are two main differences. First, the pot was raised preflop, giving you better pot odds. Second, two opponents have checked, indicating weakness. This differs from the previous hand where you already had three callers, making it difficult for you to have a winning hand. Your opponent could be betting a straight draw with a weak pair, in which case you may currently have the best band.

In low-limits, most opponents slowplay straights, sets, or even two pair, so usually you do not have to worry about those hands. Even if your opponent has top pair, you have five outs, which is 8 to 1. The pot odds are 10 to 1 so calling is justified; however, I prefer raising in this situation. Raising will drive out the other opponents from weak gut-shot draws and may allow you to possibly take a free card on the turn. Raising will also give you information on the flop about your opponent’s hand once you see how he responds. In the actual hand, the player just called and hit a full house when an ace fell on both the turn and river. The bettor folded and the early player showed A8.

4/ You hold in the big blind. A middle player, the cutoff, and the small blind call. Four players see the flop of . The middle player bets and the cutoff calls. There is $6 in the pot. What do you do? (The answer is below in black font. Mark all the space below in order to know the right answer.)

Answer: Fold. You have four outs to the gut-shot straight, and this is reduced to three outs if one of your opponents has a flush draw. You also are drawing dead if one of your opponents holds AA, TT, AT, or KT. Three outs are 15 to 1 and the pot is only $6. In the actual hand, the player called both the flop and turn and got his straight when the K♦ fell on the river. Unfortunately, one of his opponents had 6♦ 5♦ and hit a flush. Straight draws go down in value when the flop is two-suited or paired, especially when they are only gut-shot draws.

5/ You hold in the big blind. An early player calls, the next early player raises, and the button, small blind, and you call. Five players see the flop of . You decide to check and the early position player bets into the preflop raiser who decides to raise. The small blind and you call. The early player reraises and the preflop raiser caps the betting. The small blind calls. There is $11.50 in the pot. What do you do? (The answer is below in black font. Mark all the space below in order to know the right answer.)

Answer: Call. With so much, action you are probably against a straight, so you will need to improve. You have four outs to a full house, which is 11 to 1 against improving, but you are getting 12 to 1 pot odds assuming the early position player calls. If you do hit one of your outs, you should win a lot more bets. In the actual hand, the player folded. An opponent with Q♣ 8♥ won the hand. Although this player saved some bets since a jack or 9 did not come, the actual result of the hand does not mean his play was correct. In the long run, he would make more money by calling with the implied pot odds he was receiving.

To play poker well, you must understand the terms odds, pot odds, and implied odds. Let’s be sure that you grasp each term thoroughly before we go on.

Probability and odds
“Probability” is the likelihood of an event happening. It is a number between zero and one, and is often expressed as a percentage. For instance, a .70 probability of rain today is the same as a 70% chance of rain.
“Odds” are another way of expressing probability and are more applicable to games of chance such as poker. Odds are shown as a pair of numbers separated by a colon; the pair represents a ratio between the probability of an event happening and its not happening. Being somewhat whimsical, we could say (from our example above) that rain is a 7:3 “favorite” today. That is, the odds of rain are 7:3 in its favor; for every seven times it rains on a day like today, there will be three dry days. The opposite of favorite is “underdog” (or “dog” for short). If you say, “That team is a 5:2 underdog,” you mean that for every two times they win in this situation, they will lose Five.
What do odds mean to betting? Let’s consider the weather forecast above. You and a friend decide to bet on whether it will rain. Given that you know rain is a 7:3 favorite, what is a “fair” bet? If you choose to bet on rain, and your friend bets on no rain, you should put up $7 for each $3 he wagers. Over 10 days, it will probably rain seven times. You will collect $3 from your friend on each rainy day for a total of $21. On the remaining three days, it will not rain. Your friend will collect $7 from you on each dry day for a total of $21. Thus, on any given day, one of you will pay the other, but in the long run, you will both expect to break even. Now, suppose you can find somebody willing to put up $4 for each $7 you bet, but you know that rain is indeed a 7:3 favorite. You still lose $21 on the three dry days, but you collect $4 each of the seven rainy days for a total of $28. In 10 average days, you make a $7 profit! This book will teach you to find and exploit opportunities where you have a similar edge over your opponents.
Let’s look at a hold’em example. Suppose you have flopped a heart flush draw. That is, you have two hearts in your hand, and two more come on the flop. What are the odds of making your flush on the next card (the turn)? There are a total of 13 hearts in the deck; you have seen four of them, leaving nine more. You have seen a total of five cards (your two plus three in the flop). That leaves 47 unseen cards, of which nine are the hearts you want to see. There are 38 cards that do not make your flush and nine that do; the odds are 38:9 “against.” You are a 38:9 (slightly worse than 4:1) underdog to make your flush on the turn.

Pot odds
Pot odds are the odds being offered to you by the pot compared to the amount of money you must invest in it. For instance, suppose after the river card is turned up, there is $30 in the pot. Your opponent bets $6. The pot now has $36 in it, and you have to call $6 to see his hand. You are getting pot odds of 6:1. You will also hear the expression “the pot is laying you 6:1.” Now your choice is (relatively) easy: if you are no worse than a 6:1 underdog to win the pot, you call the $6; otherwise you fold.
Pot odds also apply to draws. Suppose you have a draw that is a 3:1 underdog to be made. For you to call a bet there should be at least three times as much money in the pot as the amount you must call. Of course, that includes any bets that precede your call. For instance, if the pot contains $15 and your opponent bets $6, the pot now contains $21 and is laying you 3.5:1. Since you are only a 3:1 underdog, you can call.

Implied odds
Going a step beyond pot odds are implied odds. More accurately, they might be called implied pot odds. When you compute pot odds, you can only consider the money that’s already in the pot.
The concept of implied odds lets you ask the question, “If I make the hand I’m drawing to, how much more money will I win than what’s already in the pot?”
For example, suppose you have a flush draw with one card left to come. You know you are about a 4:1 underdog to make your flush. There is $16 in the pot, and your opponent bets $6. The pot (now $22) is laying you about 3.7:1, but you’re a 4:1 dog to make your flush. According to strict pot odds, you can’t call. However, suppose you’re “sure” that your opponent will call a $6 bet on the river if you make your flush. Now you can act as if the pot contains $28 (what it currently contains plus the $6 more you will win if you make your flush). You can make the $6 call with your flush draw.
Of course, when considering pot odds or implied odds for a draw, you must be “sure” that you will win the pot if you make your draw. If you’re not sure, then the pot must lay you a higher price to make your draw correct. Also, when considering implied odds, you must be just as sure that your opponent will call your bet after you have made your hand.

You know playing poker you face different situations. Sometimes you’re so lucky. Seems that you could raise any hand on preflop and win a cap on the river getting a straight.
But at the same time you could catch another streak. You will have you pocket aces all night long and you will be beaten by an idiot with 27o and his two pairs.
If this happens I usually reread this abstract from Internet Texas Hold’em. Winning Strategies from an Internet Pro by Matthew Higler.
Let me introduce it to you.

Poker is a game of skill. This is not easy to explain to people who do not understand the game, but good poker players will win the money.
Good Poker Players = The MONEY
However, there is one huge caveat in this equation. That caveat is time. Good poker players will win the money given enough time.
Good Poker Players = The MONEY…given TIME
In any one hand, the odds are pretty even for everybody. Over an hour, the better poker players have a little advantage, but could easily lose a lot. In a session of eight hours, a good poker player will win the majority of the time, but not all the time. If a good poker player plays 100 hours of $20-$40 limit Hold’em, he could win as much as $20,000. But once in a blue moon, he might lose $10,000. A good poker player could only break even after 1400 hours of play. Given any time below that, he could possibly lose.
As you can see, a good poker player will win given enough time, but it may not be as easy as it seems in a short time period. Granted, these are extreme cases, but they can happen. What happens in between the extremes is a lot of short-term fluctuations, which can frequently last several days, sometimes several weeks, and even several months. We will talk more about these fluctuations in the “Bankroll Management” chapter.
It is important to realize that there are subtle differences between a good poker player and a bad one that take effect over time. The beauty of poker is that the bad players always remember the limes they had some good short-term luck, so they keep coming back for more until they eventually go broke.
However, understanding how to play good poker is not enough to win the money. You must APPLY this knowledge at all times. Poker is a fun and exhilarating game, but there is nothing more frustrating than outplaying an opponent only to lose money to him,
MANY players begin to play badly when things do not go their way. This is commonly referred to as tilt. However, I don’t think tilt fully explains the range of emotions. Of course, the first step is preventing yourself from going on tilt, but there is a big difference between playing your “A” game and going on tilt. Many players may not go on full tilt, but they begin to play just a few more hands or make a few more calls than they should. This often happens late at night when a player is trying to get back to even before going to bed. Good players realize that they can always get hack to even the next day.
I expect that the difference between the expert players and the good players is their emotional control. You must have discipline to be successful playing poker.
So remember:
Good Disciplined Poker Players = The MONEY…given TIME

And remember also that poker is not blackjack. You are playing against usual people not a system. And if you perform better poker you are going to win the money.
Arnold Snyder who plays blackjack professionally could state in many his articles that you shall not win. But laying poker you may be sure that being a Good Disciplined Poker Player you will win. And it doesn’t matter how long it will take you.
You will win.
If you play poker you will win.
If you’re ready to improve your poker skills you will win.
At long last…

Every poker player has faced this situation. Every poker session you deal with it. No matter where are you playing in Vegas, Miami or California you will see this case. And every book that deals with poker explains it. But I’m still not sure. I’m talking about a hand like AK or AQ or even AKs. Of course it’s not a problem when it goes the way you like. You raise preflop, then get some calls and face one or two top pairs on flop. I like these situations most. I prefer to slowplay a little checking or calling the flop and then “banzai!!!” on turn and river. And especially I like guys who call and raise my stakes having the same pair with lower kicker. That is really very profitable. 

But the question is what shall I do if I have raised preflop and have absolutely nothing on the flop? Like I have AKo and flop is J73 rainbow… The first idea is to fold immediately. My wife prefers to play that way. She says playing low limits you could be absolutely sure that some of they guys that called your preflop had improved their hands with that flop. So in this case you have to struggle with one or even two lower pairs having nothing but implied odds. You still HOPE to get your pair (having 8 / 46 + 8 / 45 = 0.35 chances to get a pair) while they HAVE their pair already and chances to beat you. 

The other point of view is suggested by many authors. They consider the odds to be rather high related to the pot you could win in that case. So the right move in this situation is to bet or raise someone’s bet on flop. Those who prefer to bet in this situation use this line of reasoning. Let’s consider usual situation. You have AK in middle position. There are several folds before you. You raise and all the others fold except one guy. This case is the most typical. Then we have 2 to 1 chances that your opponent haven’t improved his flop too. That’s why you have very good chances to win a pot just after your bet. Considering that we bet 1 stake that forms a pot of 5 stakes the expected value of this bet is positive. Even if he calls you still have good chances to improve your hand. And bu the way you have a chance to win with ace high at showdown. And there is one more argument to perform bet here. You could do this with an overpair. If you check a flop with AK no one will call you bet when you have an overpair. So you will earn less in both cases that steals your earnings. 

Of course both this arguments are concerning the flop only. You have to think over the turn and the river weighing your opponents and the way they play their hands in order to decide whether it is worthy to bet on turn.