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Pot (Poker)
A pot in poker is the accumulation of all players bets, whether automatic or not. The pot is the incentive for players to get involved and will be the total amount a player will win should he win the hand.
To ensure that there is money in each pot in a hand of poker, there are automatic bets in the big and small blinds which are posted by the two players left of the dealer (button). The value of the pot is used to determine whether a bet is worth calling and is known as the pot odds.
Pot odds are used to determine whether to play a hand when forced with a bet against you. Let's assume that you are on the flop and you have a drawing hand with 7 outs, in other words you have about a 15% chance of hitting your card on the turn or river (outs*2+1). Let's assume that the bet is $20 and the pot is $200. The pot odds are 10-1 (20/200) which basically means if you will get 10 times your money at least if you hit your card. This would mean to make it the right move, you would need to have a pot more than 15 times the value of the bet to make it worthwhile. In this case you would fold.
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