The ratio of the amount of money actually in the pot compared to the amount of money required to call and maintain eligibility to win the pot, expressed with the pot amount first and calling amount second. Sometimes improperly used as a synonym for pot equity or expected value. Different from implied odds because pot odds do not account for wagers that might be expected in later betting rounds or from players in later positions.
EXAMPLE: "The pot odds were 10:1 on the turn. I usually would call with those odds, but I only had three outs and I had a negative expected value. I folded."
APPLIES TO: Online and Land-based Venues