# How to Calculate Poker Odds

Expected Value and Pot Odds Answers
Many poker players talk about EV, which stands for "Expected Value." Expected value is the amount you can expect to win on average every time you are in a particular situation. It is included here because as you spend more time playing poker, you will hear EV tossed around, and you should know what it is.

pair of aces, and you place a \$100 bet and one player calls with AK. The way to determine your EV is as follows: Put yourself in this situation 100 times. (It costs you \$10,000 [\$100 times 100] to enter this situation 100 times.) You will win 92 times and receive your \$100 in return plus your opponent's \$100 for a total of \$18,400. You will lose your \$100 the other eight times. Therefore, your \$10,000 investment nets you \$8,400 in profit (\$18,400 minus \$10,000). Now divide the profit (\$8,400) by 100 times, and this figure -- \$84 -- equals your EV. What this tells you is that, on average, you will win \$84 every time you are in this same situation. Good poker players maximize the times they have positive EV and minimize the times they have negative EV.

In the final section, we have provided a pot odds table for you to study. With a little memorization and a lot of practice, you can start putting pot odds to work for you!