Showing posts with label Odds. Show all posts
Showing posts with label Odds. Show all posts

The other day I was taking a look at the odds of flopping no overcards with high pocket pairs and that got me thinking about what the basic odds are of flopping a set with any pocket pairs. I seem to remember someone once telling me it was about 1:6, but it never seemed that good in reality so I thought I'd actually do the math.

The odds should be 2:50 + 2:49 + 2:48 since those are your odds of hitting one of the two remaining cards on each card in the flop. That would give you about a 12% chance or 1:8.16 odds of flopping the set, not nearly the 1:6 that I had been thinking all along. That means that you have to make back more than 8BB every time you hit a set to make up for the cost of calling and folding the other 7 times.

With higher pocket pairs you can factor in the odds that you will have top pair on the flop, but even this doesn't increase your odds of seeing a nice flop very often with anything but the best pocket pairs.

Fortunately sets on the flop have a way of paying off quite nicely and so it is usually possible to play pocket pairs cheaply and see a decent return, but there really isn't much room for error, so don't go calling any raises with them because that will throw off your ratios enough that it will be hard to make back any losses.

I think I will be playing low pocket pairs less often when I am short-stacked in tournaments from now on because they just aren't worth the risk when you can't afford to lose many chips. I had always viewed low pocket pairs as a chance to hit big when you are really needing it, but with worse than 1:8 odds of actually hitting a set I'm not so sure they are worth the risk unless you can afford to lose those other 7 times.

In cash games and when you have a large stack in a tournament, low and medium pocket pairs are probably worth the investment if you can be frugal about it, but you still have to be careful with them though because the fact that they hit the set fewer than 1 in 8 times makes it harder than it looks to keep them in the green in the long run.

But pocket pairs are still your best bet preflop when you need to go heads up against an opponent for a good chance to double up, so they'll still hold a special place in my arsenal for those critical tournament moments.

Pocket jacks, like queens, kings and aces, are always a fresh sight when you turn up the edges of your cards, but lately I've been getting a little more uneasy at the sight of those knaves.

Your first instinct when you see those young men staring lazily back at you is to get your money in the pot as quickly as possible so that you can start raking in the returns. Jacks, like any high pocket pair feel so invincible since you've already made a hand and so you've got to be ahead of almost every other hand out there preflop.

But when you think about the possible flop scenarios that could happen, perhaps jacks aren't quite as invincible as they first look.

There are 103,776 possible flop combinations (48*47*46) when you consider the 50 cards in the deck you have yet to see minus the other two jacks which would give you a set. Of those 103,776, there are 50,616 (38*37*36) possible flop combinations that don't include at least one ace, king or queen, leaving you 1:2.05 odds of flopping top possible pair or a set. When compared to 1:1 for aces, 1:1.13 for kings and 1:1.5 for queens, the jacks are suddenly not looking quite so hot.

Of course this doesn't take into account the fact that by raising preflop you should only be going up against one or two other players on the flop at which point you have good odds that they won't improve. But the problem is, by raising preflop you can be relatively certain that when they do improve you will be beat, which leaves you in the same situation as any other low pocket pair.

The main reason that high pocket pairs are so lucrative is because you can often make a good amount off of someone flopping top pair when you've still got them beat. But as your pair gets lower, the odds of you still having top pair on the flop get smaller and smaller. At a certain point you have to treat all low pocket pairs the same because you are simply playing them cheap for a chance to hit trips or fold.

Playing pocket pairs with overcards on the board is a very tough situation to be in. You can't really count your ability to outplay your opponent in the strength of the hand, and so basically you can only really consider your odds of flopping top pair when considering whether to raise preflop with a pocket pair.

Of course this doesn't take into account the million other reasons why you might raise preflop, and only considers your expected value based purely on odds. As many a wise man has said before me, in poker you play your opponent, not your cards, but it is good to at least understand your odds in every situation.

As such, I've become much more tentative about playing pocket jacks hard preflop. I think they are probably much more lucrative when played cheaply preflop because you don't really have the correct odds to hit top possible pair on the flop, and so most of the time they will end up in the same position as any low pocket pair after the flop.