because the one time he does win he will win more than three times the amount bet (so the bet earns money in the long run). This is still a value bet, because it is made hoping the opponents will call and build a bigger pot in anticipation of winning (even though the win is only statistical).
Out
In a poker game with more than one betting round, before the final card is dealt, any unseen card that will improve your hand to one that is likely to win is called an out. Knowing the number of outs you have is an important part of poker strategy. For example in draw poker, if you draw one card holding four diamonds, hoping for a flush, you have nine outs (there are 13 diamonds in the deck, and you've seen four of them). If you have two small pair, and you believe that it will be necessary for you to make a full house to win, then you have four outs--the two remaining cards of each rank that you hold.
It is important to note that the hidden cards of one's opponents may affect your calculation of outs. For example, assume that a Texas hold 'em board looks like this after the third round: 5♠ K♦ 7♦ J♠, and that you are holding A♦ 10♦. Your current hand is nothing but A-high no pair, which is not likely to win unimproved, so you have a drawing hand. How many outs you have, however, depends on what your opponent holds. You have a minimum of nine outs for certain, called nut outs, because they will make your hand the best possible: those are the 2, 3, 4, 6, 8, 9, and Q of diamonds (which will give you an ace-flush with no possible better hand on the board) and the Q of clubs and hearts, which will give you an ace-high straight with no higher hand possible. The 5♦ and J♦ will also make you an ace-high flush, so those are possible outs since they give you a hand that is likely to win, but they also make it possible for another player to have a full house (if he has something like K♠ K♣, for example). Likewise, the Q♠ will fill your ace-high straight, but will also make it possible for some opponent to have a spade flush. It is possible that your opponent could have as little as something like 7♣ 9♣ (making a pair of sevens); in this case even catching any of the three remaining aces or tens will give you a pair to beat his, so those are even more potential outs. So you have nine guaranteed outs, and possibly as many as 18, depending on what you expect your opponent to have.
Starting hand
In poker, the starting hand is the initial set of cards dealt to each player before any voluntary betting takes place. For example, in Seven-card stud this is two downcards and one upcard; in Texas hold'em it is two downcards; in Five-card draw it is five cards.
The one decision made by every poker player on every deal of every game is whether or not to continue playing that hand after seeing that first set of cards. Since making this decision correctly will lead to the most long-run profit for a skilled player, players often put considerable study into what the appropriate starting hand standards are for the game being played.
Optimal starting hand standards can be very sensitive to factors such as the betting structure of a game, position, and the character of the other players, as well as the rules of the game being played.
Position
Position in poker is the order in which players are seated around the table, and the strategic and tactical consequences of this. On any betting round, the player who acts first (called being "under the gun") has a distinct disadvantage compared to those who act later (who are said to be in "late position"), because the later players will always have more information on which to base their decisions. You are said to "have position" on players who act before you in a betting round, and are said to be "out of position" to those players who act after you.
Because players act in clockwise order, a player seated on your left is said to "have position" on you in the game in general (not just a particular betting round), because he will act after you far more
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