Pot odds are the odds being offered to you by the pot compared to the amount of money you must invest in it. For instance, suppose after the river card is turned up, there is $30 in the pot. Your opponent bets $6. The pot now has $36 in it, and you have to call $6 to see his hand. You are getting pot odds of 6:1. You will also hear the expression "the pot is laying you 6:1." Now your choice is (relatively) easy: if you are no worse than a 6:1 underdog to win the pot, you call the $6; otherwise you fold.
Pot odds also apply to draws. Suppose you have a draw that is a 3:1 underdog to be made. For you to call a bet, there should be at least three times as much money in the pot as the amount you must call. Of course, that includes any bets that precede your call. For instance, if the pot contains $15 and your opponent bets $6, the pot now contains $21 and is laying you 3.5:1. Since you are only a 3:1 underdog, you can call.
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