I'll let someone expand on this more (I'm on my way out the door), but basically this requires putting your opponent on a hand (or a range of hands, more likely). Then it's just a matter of knowing how your hand measures up against that range of hands and making the correct decision based on what odds the pot is laying you.
Here's an extreme example, but it will illustrate my point: Say you in deep in a tourney and the blinds are 1000/2000 plus a 100 ante. With 10 players at the table there are 4000 chips in the pot right off the bat. Now let's say you are in the BB holding 72o. Everyone folds to the SB, who goas all in for 2200 total chips. You are holding 72o, but you HAVE to call. Why? Because it's only 200 more chips to you, and there is now 5200 in the pot. The pot is laying you 5200:200 = 26:1 odds and there are NO two cards that you could possibly be a 26:1 underdog to. Even if he's holding AA - or worse yet, 77, this is a good call.
Does that make any sense?
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