Implied odds
Implied odds are the pot odds you would be getting if you also count the money you expect to win on later streets when your draw comes in.
They are the reason a call can be correct at a price that the immediate pot does not justify. A hand that is a small underdog now can still be profitable if hitting it wins a large pot later, which is why small pairs and suited connectors want deep stacks.
They are also the easiest number to lie to yourself about. The extra money only exists if the opponent has it and is willing to put it in, and a draw to an obvious hand on an obvious board usually collects far less than the estimate.
an example
your cards
board
You called a raise with a pair of fives and missed. Before the flop the reason to call was the 11.8% of flops that give you a set, and the stacks behind, because the pot you win on those flops has to pay for the eight times out of nine you fold like this.
This example is made up. The real one is in your own hand history: find implied odds in your own hands and see how often it came up and what it cost you.
related terms
Pot odds
Pot odds are the price you are offered on a call: what you have to put in compared with what the pot would be worth to y ...
Reverse implied odds
Reverse implied odds are the money you expect to lose on later streets when you improve to a hand that is still second b ...
Deep stack
A stack is deep when it is large relative to the blinds, usually taken as more than about 150 big blinds, so there is ro ...
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Knowing the word is not the same as seeing it.
Forty hands against a bot, no account, and your own hand history at the end.