This is a quick glossary that will explain the fundamentals of poker and a few basic strategies. If you read this article, one should already know the basic rules of Texas Hold’em.
Blind: This is the forced stake of a player before he gets his card. The player to the left from the dealer pays the small blind and the one next to the left pays the big blind.
Board Cards: The cards in the middle of the table which everyone is allowed to use.
Flop: The first three community cards that come on the poker table.
Preflop: The time before the flop when you have only two cards in hand.
Turn: This is the fourth community card that is being shown after the flop.
River: This is the fifth and final community card that is being shown after the turn.
Draw: The possibility to significantly improve your hand thereby that a certain card appears on the table. For example with a Flush Draw it is hoped that one card with a specific symbol (e.g. spades) comes.
Limit Poker: Poker with fixed bets. In a $1-2 limit game, all bets and raises are $1 in the first two rounds (preflop and flop), and all bets and raises are $2 in the last two rounds (the turn and the river).
Pot Odds: With the pot odds you calculate how much money value the next card has, to wit, how much you can pay at a max. When somebody is only missing one card for a diamond flush, then the chances to get a diamond with the next card are 18%. If there are 200$ in the pot, then you should go with a bet of maximum 36$ (0.18*200$=36$). If someone bets 100$, then it is not worth it to call, since the bet is too high and the chances are too low.
Implied Odds: Implied odds are the same as pot odds, except that also future bets are being implied in the calculation.
Longhanded: This way a poker game is called that includes seven or more players.
Shorthanded: A poker game in which less then seven players are participating.
Outs: This is the number of cards that can improve your hand.
If you have 7 8 and the flop is 9 10 2, then every 6 and J are going to complete a street. So you have eight outs (four 6 and four Jacks).