[petronder]

I was reading a section in a book on implied odds, and i was really confused. can anyone explain to me how to calculate implied odds and when you should call and/or fold based on these odds?

[jorpot]

Implied odds refers to how much money you can expect to win in the hand, not what's just in the pot already. For example, the profit derived from calling certain raises with pocket pairs in NL is when you 1) put them on a big hand and 2) take their entire stack in the process.

[corey]

Implied odds are basically adjusted pot odds for future betting. In limit, you can use implied odds to justify calling bets when you are not quite getting the correct pot odds. For example, lets say you are getting 9:1 pot odds to draw to a gut shot in early position, with three people left to act after you. If you are reasonably sure that at least two of them will call, you can profitably call the bet.

[ballen]

I agree on corey.
Implied odds are what fish use to justify their bad play.