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Poker Terms

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Value bet
A bet made by a player who believes they have the best hand, and expects to be called by a worse hand.
Value-owned
Refers to a situation where a player bets or raises with a strong hand, intending to extract value from opponents with weaker holdings. When a player is value-owned, it means they have been outplayed by their opponent’s superior hand, resulting in the loss of chips or the pot.
Variance
The statistical measure of the difference between actual results and expected results. High variance indicates a larger range of swings in a player’s bankroll.
Vig (vigorish)
Refers to the commission or rake taken by the house or casino for hosting a poker game or facilitating bets. It’s typically a small percentage of each pot or a fee charged on each bet, serving as the house’s profit margin for providing the gaming service.
Villain
A term used by players to refer to their opponents, particularly in hand analysis.
VIP
A high-value player who often receives special treatment and bonuses from casinos or poker rooms.
VPIP (voluntarily put in pot)
A poker statistic used to measure how often a player voluntarily invests money into the pot pre-flop, indicating their play style.
Voluntary
Any action that a player chooses to make in a hand, as opposed to actions they are compelled to make, such as posting blinds.