To calculate your percentage of hitting an out on the next card, you take the # of outs times 2, then add 1. say you have 8 outs, you have roughly a 17% chance of hitting on the turn.
Once you figure out your chance of hitting a draw, you multiply it by the pot plus the bet to see what the maximum bet is that you can call.
For example, if the bet is $10 and the pot is $90, the bet plus the pot is $100.
Now let's say you have 6 outs (6 cards will help you). This means you have about a 13% chance of hitting. If the pot is $90 and you must call $10, you should call because you can call as long as you have at least a 10% chance to hit (10/100, the total pot is 90+10). However, if the bet to you was $20, you should fold, because that would require a 18.2% chance of hitting (20/110).
I just want to say, is READ Harrington On Holdem! You won't regret it, i promise. This will explain all this, and more, much much more.
After the flop, the chances to hit would be two (the turn and the river). After the turn the only part of the equation that would change is the chances to hit your hand which would now be one (the river).
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