The ratio of the amount of money that is expected to be in the pot by the end of the round or the end of the hand compared to the amount of money required to call and maintain eligibility to win the pot, expressed with the expected pot amount first and calling amount second. Different from pot odds because implied odds account for possible additional wagers.
EXAMPLE: "My pot odds weren't that good, but all the players in positions later than mine are calling stations, so the implied odds make it worthwhile to call."
APPLIES TO: Online and Land-based Venues
RELATED TERMS: Expected Value, Pot Odds, Schooling