Glossary of Poker Terms
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Terms starting with I
Implied Odds
Implied odds are similar to pot odds, except that the money
in the pot is not actually there yet. In an extreme case, if
you're first to call a bet, and you know for a certainty
that the eight players to act after you will all call (and
not raise), you have great implied odds. Similarly if you
know that several players in the hand will pay you off when
you make your flush - you can act as though the pot were
larger. In general, implied odds is just a way of referring
to odds that require some estimation.
In the Air
Traditionally, a poker tournament starts when the tournament
director (or whoever's running things) instructs the dealers
to get the cards "in the air." This just means to start
dealing.
Inside Straight (Draw)
An inside straight draw is a draw to a straight that's
missing one of the cards in the middle (as opposed to on the
end). 4578 is an inside straight, 4567 is an outside
straight. Also called a one-gapper or a gutshot.
Insurance
In big bet poker, it is possible to reach a situation in
which you are uncomfortable with the amount of money you
have invested in a pot. To reduce variance, players will
sometimes take insurance against an unfortunate outcome,
essentially selling the actual outcome of the hand for its
mathematical equity (at a slight discount). For example, if
you hold a flush against a player who has three of a kind,
your equity in the pot is a percentage of the pot equal to
the probability that the other player will not fill up. If
the pot is large, and you don't want to risk coming away
with nothing, you might take insurance from somebody who has
more money and would be glad to have the overlay.
Isolate
To raise with the intention of thinning the field to
yourself and a single other player is to isolate that
player.
I raised to isolate him, but ended up getting three callers.
It
Yes, "it" is poker terminology. "It" usually refers to the
largest amount anyone has yet bet in a round. If someone
opens for $5, and the next player raises $10, they're
"making it $15." With the exception of all-in players, if a
player wants to see the next round, eventually they have to
match whatever "it" is. "It" can also mean the amount
required to call. So if someone bets $5 and two other
players each raise $5 in the same betting round, they may
ask "what's it to me?" The correct answer is, "Pay
attention."
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