Implied odds
The odds you are getting on a call once you include the money you expect to win on later streets if you hit. Implied odds justify calling with draws that pot odds alone would reject.
Frequently asked questions
What are implied odds in poker?
The future value of a drawing hand — the extra money you expect to win on later streets when the draw completes, over and above the pot you are currently being offered.
When do implied odds make a call correct?
When the immediate price is slightly too thin but the payoff is large: deep stacks, a hidden draw, and an opponent likely to keep betting. Set mining is the clearest case — the price to call is bad, and the stack you can win when you hit makes it good.
When are implied odds an illusion?
When the stacks are shallow, when the draw is obvious so the opponent shuts down the moment it completes, or when hitting it still leaves you second best. Players talk themselves into bad calls by assuming money that was never going to arrive.