Odds refer to a ratio. This can take many forms - 2 examples are pot odds, which is the ratio of the amount in the pot vs. the amount to call, and implied odds, which is the ratio of the amount you think you can win based on future betting vs. the amount to call.

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Calculating odds with 2 cards to come

As far as I understand, odds of hitting a draw are calculated like this: On flop-to-turn: (47/outs) - 1 = result-to-1 On turn-to-river: (46/outs) - 1 = result-to-1 The above are calculations of ...