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I would suggest you have a read up on Pot Odds Here are a few sites: Pot Odds Wikipedia The Poker bank pot odds Hopefully these will help you understand.
I haven't tried any full-length books, but the Thinking Poker podcast is a great source of poker strategy in audio format. They always have a good strategy segment in their weekly podcast, and they have two larger for-sale offerings of longer and more in-depth strategy that are high quality. They're at http://www.nitcast.com/collections/all. Their ...
Your question is a great example of some of the math that you need to carry out at the table. The first part is to know the value you're getting from the situation. Since Gus is calling a smaller amount than what's in the pot, there's an overlay available. To do this you take the pot divided by the amount you have to call: 5200/2200 = 2.36. You can express ...
Thanks to over-sophisticated answers like the ones given here it took me forever to understand this stuff.. It's actually way easier to calculate: bet/pot+bet -> 2,200/5,200+2,200=0.297 which translates to 30% "pure" pot odds. So you'd need at least a 30% winning chance to profitably call here.
I recommend: http://haseebq.com/category/philosophy-of-poker/ and the site in general.
Decide to Play Great Poker by Annie Duke and John Vorhaus is excellent, IMHO.
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