1. Short stack strategy: Draws in a free play situation Strategy: No Limit

2. Introduction ► How do I use odds and outs? ► Which cards help you? ► Basics ► Types of draws ► Play on the flop, turn and river ► Previous knowledge ▫ Odds and outs ▫ Implied pot odds

3. Basics ► Discounted outs ► Outs ▫ Overcards – 3 to 4 outs ▫ Opponent could have a hand like A3 ► Implied pots odds ▫ Better on the flop than on the turn ▫ ¼ to ½ pot size bet as implied odds from the turn to the river ► The strength of your draw ▫ Flush draws with 2 cards > flush draws with one card ▫ Pay attention to the card value for a flush draw ▫ A straight draw on the low end with one card is not as strong ▫ A nut draw increases your implied pot odds

4. The four types of draws ► Overcards + gutshot ► Weak draws ▫ Gutshots or overcards – about 4 outs ▫ Finished draw – often not the best hand ► Combo draws ▫ Different draws together, for example gutshot AND overcards ▫ More outs and higher implied odds

5. The four types of draws ► OESD + overcard ► Overcards + gutshot + backdoor flush draw ► Strong draws ▫ Flush normally 8 or 9 outs for a straight or a flush ▫ Can be strengthened through overcards or backdoor draws

6. The four types of draws ► OESD + flush draw ► Flush draw + backdoor straight draw + outs to two pair or three of a kind ► Monster draws ▫ 12 or more outs ▫ Are played like made hands

7. How do you play on the flop? ► Weak draws ▫ Normally fold to a bet, because the pot odds are not good enough ▫ Exception: in position with good pot odds ► Combo draws ▫ Play passively by check/calling with good pot odds ▫ A draw to the best possible hand (nuts) results in higher implied odds ► Strong draws ▫ Normally, also play passively by check/calling according to pot odds ▫ At least 2 opponents that (will) bet– all in possible ▫ Because: 1/3 of the pot is from you – your chance to win is also 1/3 ▫ Therefore: With 9 or more outs – all in on flop or value ► Monster draws ▫ Play aggressively independent of the opponents and betting frequency before you ▫ Normally a 50% chance of hitting your draw ▫ Build up the pot and protect yourself from being pressured by a bet on the turn

8. How do you play on the turn? ► Hit your draw ▫ Bet in order to obtain the maximum profit and to protect yourself against redraws ► Combo draws and strong draws ▫ Usually play passively according to odds and outs ▫ Possibility to force the opponents to fold ▫ However: your opponent should be able to fold (“never bluff a calling station.”) ▫ Scare cards or prior initiative on the flop are both helpful ► Monster draws ▫ Continue to play as aggressively as possible ▫ About a 30% chance to the river – it is possible that your opponents fold ▫ Nevertheless, pay attention to your odds and outs ► Weak draws ▫ Only play according to odds and outs – mostly check/fold

9. Summary ► The four types of draws ► Play in different rounds ► Odds, outs, pot odds and implied odds Good luck!