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Two things I forgot...
Here's two other things...first, to correct something I said in that last post...regarding the "flush draw" versus the "two pair drawing to a full house"--the number of outs available may be 7, 8 or 9, based on what is on the board and what the liklihood is your opponent has matched those two cards for his two pair. So if your board is As Qs 6d, and you hold Ks 9s while you put your opponent on AQos, then you are still drawing nine cards for your flush (because the A and Q are already on the board). If you have your opponent on the A6os (why are they playing that crap?), you would be drawing eight cards to your flush because the spade six could come, giving you a flush but your opponent a full house. So this is the long way of saying that the outs calculation for a flush draw versus a full house draw is not automatically adjusted from 9 available suit cards to 7. I misstated this.
Secondly, a poster mentioned that he usually "cuts the corner" and determines his likely percentage (using the calculation mentioned earlier) by multiplying by 4 on the turn and 2 on the river. At face value this sounds fine...but it's a bad habit to get into, and here's why; doing this automatically assumes you're playing the hand out through the river. In other words, you can only multiply by 4 (or by 2 cards remaining to be seen times 2 percent, as in my example) IF YOU INTEND TO SEE BOTH OF THE REMAINING CARDS. This is a CRITICAL determination, particularly in limit hold'em.
Here's why you NEED to use the 2 times 2 instead of the 4...because there will be times when you calculate your pot odds based on only seeing ONE MORE CARD. An example would be when you hold two overcards--let's say AJos--against a board of, say, 2 5 9 rainbow. Based on the existing pot and the betting this round (which again is why this is often more important for LIMIT rather than NO LIMIT) you may say to yourself "I can see ONE more card", hoping to draw an ace or a jack against what is likely someone's pair of nines--BEFORE THE BET DOUBLES (as in limit) AND MAKES IT IMPROPER TO CHASE THE LAST CARD. So your calculation would be SIX outs times ONE card remaining times TWO percent...or a twelve percent chance of hitting your card ON THE TURN (which is where you HAVE to hit it or you're dumping the hand). If you habitually use the 4 in place of the 2, you're going to accidentally miscalculate sooner or later and it's going to cost you. So it's a much better habit to make your brain present the equation as "XX number of outs times XX NUMBER OF CARDS REMAINING TO BE SEEN times 2 percent". I know it seems like semantics, but do yourself the favor and learn to think this way--every bet saved (by not making a mistake) is a bet earned.
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