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The word of the day for 20 September, 2020:

Effective Odds

Noun
Implied odds; the ratio of the amount of money that is expected to be in the pot by the end of the round or the end of the hand compared to the amount of money required to call and maintain eligibility to win the pot, expressed with the expected pot amount first and calling amount second. Different than pot odds because effective odds account for possible additional wagers.

 
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