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[QUOTE="feitr, post: 928109, member: 34106"]
Calculating pot odds 101:
 
Take the total amount of money in the pot. Take the amount of money you must call. Set up a ratio between the two of these. So if there is $100 in the pot, and somebody bets $60 into the pot there is $160 in the pot ($100 + villain's bet of $60) and it costs you $60 to call. Therefore, the ratio is $60:$160. Reduce this and you have 3:8 pot odds to call (60:160 reduces to 6:16 which becomes 3:8...just makes it "easier" to look at). But in practice, you'd just round this off to 3:1 because it is a close enough approx. Therefore, you'd want >1:3 equity in the pot vs a person's range (so greater than 25%) in order to have odds to make the call. If there are streets to act, then your pot odds don't have to equal your equity odds if you have implied odds on a later street to make up for this.
 
To convert something like 2:1 to a % value, you just take the "2" and divide it by 3 (2+1). This gives you 67%. To convert 4:1, you take the "4" and divide it by 5 (4 +1) which gives you 80%.
 
As simple as i can make it sorry. The math is quite basic, but if you don't understand these ideas i'd try to learn some simple probability/fraction/arithmetic concepts.
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