Poker Dictionary

[zemond]

Hey guys, just starting up a poker dictionary, Can't be bothered adding everything in right now, but stay in touch if you care, and over time ill get it all in there.

Expected Value
The average amount of money that a particular wager would win over a long period of time; for a specific wager, the pot equity minus the amount to be wagered. Read More....

Fold Equity
Fold equity is a concept in poker strategy that is especially important when a player becomes short-stacked in a no limit (or possibly pot limit) tournament.[1] It is the equity a player can consider him or herself likely to gain if he or she bets. It equates to: Read More....

Implied Odds
The profit vs bet expectation that is made based on current pot odds and additional odds based on money expected to be bet later in the hand.

Pot Odds
In poker, pot odds are the ratio of the current size of the pot to the cost of a contemplated call. In other words, if the pot contains $100, and a player must call $10 to stay in the hand, then the player has 100-to-10, or 10-to-1 (commonly expressed as 10:1), pot odds. Pot odds are often compared to the probability of winning a hand with a future card in order to estimate the call's expected value. Read More....

Return on Investment
The amount of money or chips that a particular action has generated or will generate in the long run and that is in excess of a player's own contributions; expectation minus investment. Expressed as a percentage of the player's contribution. Read More....

[Scotty]

I was trying to explain to someone afew weeks ago the concept of +EV and -EV plays. Definitely a good idea to get a glossary going of these terms.

[Garth Kay]

I was trying to explain it to James last night. He seems to think that EV plays will only apply to someone who plays a lot of poker because it will spread out over a period of time.
Sometimes it's hard to explain a concept.