A method of allocating poker pots based on the true odds of winning the hand. The pot allocation is at the election of the two or more players involved in the hand after no more bets are possible (i.e., one or more players all in). Once no more bets are possible, the two or more players may elect to allocate the pot based on the true odds of each player winning the pot. The house or game operator may charge a fee in order for players to utilize the pot allocation option. In one version, players may allocate a percentage of the pot and play the hand out for the remaining percentage. In yet another version, if one player declines the pot allocation option, the house or operator may buy the player's hand and play it out. In yet another version, the pot allocation option may be offered to players multiple times during a poker game with the true odds changing based on newly displayed/dealt cards.