Chances are pretty good the original poster will never read this, but it's a pretty good question in a way and so deserves some attention (for future readers).

My interpretation of his question is this - he's trying to determine the "pot value" of his hand, on a running basis, and at the same time more precisely calculate his hand's value based on the number of other people in the pot and their play, also on a running basis. In short, he's trying to most accurately calculate the legitimate worth of his hand at any given time BEYOND the simple mathematical calculation of odds to improve vs. pot odds.

When you can do that, you're ready for the big leagues my friend. Unfortunately, it isn't a mathematic calculation, like determining pot odds. It has far more to do with playing the player, not the cards, and is something I honestly believe comes either with significant experience or superior instincts. You can't just "learn" to figure it like you can pot odds.

But more pertinent to the question at hand is that, well, this ISN'T the question at hand. The technique to which you are referring, "dynamic value of the hand", at least as it relates to pot odds, has nothing to do with determining the value of YOUR hand. Your hand value should be relatively clear to you or you shouldn't be playing. The "dynamic value" in question here is what YOUR actions do for the OTHER player's pot odds, I. E. will your raise drive your opponent out, or will it merely grow the pot to such an extent that he has no choice but to call? This is a huge consideration, particularly in limit hold'em, most especially in LOW limit hold'em. The gist of "dynamic hand valuation" in this case is, just what do you do with, say, your KK versus a queen-high flop with straight possibilities, for instance. This can be a simple answer if you're playing with a table full of boobs who wouldn't know the first thing about pot odds (or any other odds, for that matter), or if you're against only one or two opponents in the hand. Most of the time you'd bet/raise the hell out of your hand and hope you either scare them out or they just don't "catch". But what do you do when the field is larger, and/or the players are NOT boobs and may very well know their precise odds and the calculation of pot odds? "Dynamic hand value" is the calculation of the best likely bet/raise to maximize profit on your likely-winning hand WHILE NOT CREATING SUFFICIENT POT ODDS TO ENTICE ANOTHER PLAYER TO CHASE THE HAND THAT WOULD SURELY BEAT YOU. The situations that cause you to have to make this determination are many and varied, and again require sufficient knowledge of the players involved to aid you in determining the hand they are most likely playing (so as to enable you to properly calculate THEIR pot odds, not yours) and that, in a nutshell, is the "dynamic" part of dynamic hand valuation. It's dynamic both because the calculations change with the cards that hit the board, and because you may have to reevaluate what you've put your opponent on in the middle of the hand...and THEN rate the relative strength of your hand and begin calculating your OWN outs and pot odds.

Geez, I hope all of that made sense...