No 1 in Gambling

natural card

A card that isn’t wild or otherwise modified by the game rules. In some houses, a natural hand beats an equivalent hand that uses wild cards, though this is not generally the case.

Some outs for a hand require drawing an out on both the turn and the river—making two consecutive outs is called a runner-runner. Examples would be needing two cards to make a straight, flush, or three or four of a kind. Runner-runner outs can either draw from a common set of outs or from disjoint sets of outs. Two disjoint outs can either be conditional or independent events.

Common outs

Drawing to a flush is an example of drawing from a common set of outs. Both the turn and river need to be the same suit, so both outs are coming from a common set of outs—the set of remaining cards of the desired suit. After the flop, if x is the number of common outs, the probability P of drawing runner-runner outs is

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If no one has yet opened the betting round, a player may check, which is equivalent to calling the current bet of zero. When checking, a player declines making a bet; indicating that he does not choose to open, but that he wishes to keep his cards and retain the right to call or raise later in the same round if an opponent opens. In games played with blinds, players may not check on the opening round because they must either match (or raise) the big blind or fold. A player with a live big blind who chooses not to exercise his right to raise is said to check his option. If all players check, the betting round is over. A common way to signify checking is to tap the table with a fist or an open hand.

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During play—that is, from the flop and onwards—drawing probabilities come down to a question of outs. All situations which have the same number of outs have the same probability of winning. For example, an inside straight draw (e.g. 34 67 missing the 5 for a straight), and a full house draw (e.g. 66KK drawing for one of the pairs to become three-of-a-kind) are equivalent. Each can be satisfied by four cards—four 5s in the first case, and the other two 6s and other two kings in the second.

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To call is to match a bet or raise. A betting round ends when all active players have bet an equal amount or no opponents call a player's bet or raise. If no opponents call a player's bet or raise, the player wins the pot and the hand is over.

The second and subsequent calls of a particular bet amount are sometimes called overcalls. A player calling a raise before he or she has invested money in the pot in that round is cold calling. For example, if in a betting round, Alice bets, Bob raises, and Carol calls, Carol "calls two bets cold". A player calling instead of raising with a strong hand is smooth calling, a form of slow play.

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M-ratio

In no-limit or pot limit games the ratio of stack to the blinds and/or antes. For example 8-way in a no limit game hold'em game with blinds of $50/$100 and an ante of $10 a stack of $23,000 has an M-ratio of 100. To further clarify, M = $23,000 / [$100 + $50 + ($10 * 8)] = 100.

made hand

Compare to a drawing hand.

maniac

A loose and aggressive player. A player who bets constantly and plays many inferior hands.

match the pot

To put in an amount equal to all the chips in the pot.

misdeal

A deal which is ruined for some reason and must be redealt.

move in

In a no-limit game, to "move in" or to "go all in" means to bet one's entire stake on the hand in play.

muck

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It is useful to look at the chances different starting hands have of either improving on the flop, or of weakening on the flop. One interesting circumstance concerns pocket pairs. When holding a pocket pair, overcards (cards of higher rank than the pair) weaken the hand because of the potential that an overcard has paired a card in an opponent's hand. The hand gets worse the more overcards there are on the board and the more opponents that are in the hand because the probability that one of the overcards has paired a hole card increases.

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laydown

A tough choice to fold a good hand in anticipation of superior opposition.

limit

The minimum or maximum amount of a bet.

limp, limp in

To enter a pot by simply calling instead of raising.

live

1.Still raisable. A live bet is one which a player can raise even if they've already bet and everyone else has made a call, typically because the player posted a blind or straddle.

2. A game full of unskilled or bad players.

lock up

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The value of a starting hand can change dramatically after the flop. Regardless of initial strength, any hand can flop the nuts—for example, if the flop comes with three 2s, any hand holding the fourth 2 has the nuts. Conversely, the flop can undermine the perceived strength of any hand—A♣ A♥ would not be happy to see 8♠ 9♠ 10♠ on the flop because of the straight and flush possibilities.

There are

(50/3) = 19,600

possible flops for any given starting hand. By the turn the total number of combinations has increased to

(50/4) = 230,300

and on the river there are

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