equity
Your share of the pot in expectation, given ranges and future runouts.
Glossary
One-sentence definitions first, then key points and misconceptions. Designed for fast lookup and AI citation.
pot-odds
The price you’re getting on a call, expressed as a ratio or required equity.
implied-odds
Extra money you expect to win later if you hit.
reverse-implied-odds
Money you lose later when you hit but are still behind.
outs
Cards that improve your hand to a likely winner.
draw
A hand that can improve to a strong made hand on future streets.
break-even-equity
The minimum equity you need for a call to be 0 EV.
fold-equity
EV gained from the chance the opponent folds.
range
The set of hands a player can have in a given line.
hand-range
A range defined in terms of hand categories or combo weights.
combo
A specific two-card holding (e.g., A♠K♠) within a hand class (AKs).
blocker
A card you hold that makes certain opponent hands less likely.
removal
The effect of known cards on the probability of unknown cards.
board-texture
How coordinated the community cards are for draws and made hands.
dry-board
A board with few draws and limited connectivity.
wet-board
A coordinated board with many draws and connected hands.
overcard
A card higher than any card on the board (or higher than your pair).
top-pair
A pair made with the highest card on the board.
two-pair
A made hand with two distinct pairs.
set
Three of a kind made with a pocket pair.
trips
Three of a kind made with one hole card and two on the board.
straight
Five consecutive ranks.
flush
Five cards of the same suit.
full-house
Three of a kind plus a pair.
quads
Four of a kind.
gutshot
A straight draw missing one rank in the middle.
open-ended-straight-draw
A straight draw with two ranks that complete it.
flush-draw
Four cards to a flush, needing one more of the suit.
backdoor-draw
A draw that needs two specific future cards to complete.
equity-realization
How much of your theoretical equity you actually convert into EV.
spr
Effective stack divided by pot size at the start of a street.
position
Acting later gives information advantage and better equity realization.
in-position
You act after your opponent on the current street.
out-of-position
You act before your opponent on the current street.
c-bet
A bet made on the flop by the preflop aggressor.
check-raise
Checking first, then raising after an opponent bets.
donk-bet
Betting into the preflop aggressor from the caller’s position.
value-bet
Betting to get called by worse hands.
bluff
Betting with a hand that expects to lose at showdown if called.
semi-bluff
Bluffing with a draw that can improve if called.
thin-value
Betting a marginal value hand that can be called by slightly worse hands.
polarized-range
A range made of very strong hands and bluffs, with few medium hands.
merged-range
A range that includes many medium-strength value hands.
bet-sizing
How large you bet relative to the pot (and stacks).
rivered
Making your hand on the river.
runout
The sequence of turn and river cards that complete the board.
rake
The fee the house takes from the pot.
variance
How much short-term results swing around your expectation.
sample-size
The amount of data needed to reduce noise and estimate true outcomes.
random-seed
A value that controls reproducibility of random sampling.