Explanation
Wheel
A straight from ace through five.
VPIP
A Pokertracker stat that has become very popular on people's heads up displays (HUDs.) VPIP is short for "voluntarily put money in pot."
Variance
A measure of the up and down swings your bankroll goes through. Variance is not necessarily a measure of how well you play. However, the higher your variance, the wider swings you'll see in your bankroll.
Underdog
A person or hand not mathematically favored to win a pot. For instance, if you flop four cards to your flush, you are not quite a 2:1 underdog to make your flush by the river (that is, you will make your flush about one in three times). See also "dog."
Under the Gun
The position of the player who acts first on a betting round. For instance, if you are one to the left of the big blind, you are under the gun before the flop.
Turn
The fourth community card. Put out face up, by itself. Also known as "fourth street."
Trips
Three of a kind.
Top Two
Two pair, with your two hole cards pairing the two highest cards on the board.
Top Set
The highest possible trips. Example: you have Tc-Ts, and the flop comes Td-8c-9h. You have flopped top set.
Top Pair
A pair with the highest card on the flop. If you have As-Qs, and the flop comes Qd-Th-6c, you have flopped top pair. See "second pair."
Top and Bottom
Two pair, with your two hole cards pairing the highest and lowest cards on the board.
Toke
A small amount of money (typically $.50 or $1.00) given to the dealer by the winner of a pot. Quite often, tokes represent the great majority of a dealer's income.
To Go
The amount a player must call if he wishes to continue playing. Example: "The big blind was $20. Sarah raised $40 more, making it $60 to go."
tl/dr
forum speak for "too long, don't read"
Time
(1) A request by a player to suspend play while he decides what he's going to do. Simply, "Time, please!" If a player doesn't request time and there is a substantial amount of action behind him, the dealer may rule that the player has folded. (2) An amount of money collected either on the button or every half hour by the cardroom. This is another way for the house to make its money (see "rake").
Tilt
To play wildly or recklessly. A player is said to be "on tilt" if he is not playing his best, playing too many hands, trying wild bluffs, raising with bad hands, etc.
Thin
As in "drawing thin." To be drawing to a very few outs, perhaps only one or two.
Tell
A clue or hint that a player unknowingly gives about the strength of his hand, his next action, etc. May originally be from "telegraph" or the obvious use that he "tells" you what he's going to do before he does it.
Tank
To take a long time to make a decision on a hand. "Joe went into the tank when his opponent made a large bet on the river".
Table Stakes
A rule in a poker game meaning that a player may not go into his pocket for money during a hand. He may only invest the amount of money in front of him into the current pot. If he runs out of chips during the hand, a side pot is created in which he has no interest. All casino poker is played table stakes. The definition sometimes also includes the rule that a player may not remove chips from the table during a game. While this rule might not be referred to as "table stakes," it is enforced almost universally in public poker games.
Sweat
To watch or observe a poker game. Or enduring the adrenaline rush of a close situation. For example, you "sweat" the turn and river when your over pair is up against a flush draw and all the money goes in on the flop.
Suited
A hold'em starting hand in which the two cards are the same suit. Example: "I had to play J-3 -- it was suited."
Structured
Used to apply to a certain betting structure in poker games. The typical definition of a structured hold'em game is a fixed amount for bets and raises before the flop and on the flop, and then twice that amount on the turn and river. Example: a $2-$4 structured hold'em game: bets and raises of $2 before the flop and on the flop; $4 bets and raises on the turn and river.
String Bet
A bet (more typically a raise) in which a player doesn't get all the chips required for the raise into the pot in one motion. Unless he verbally declared the raise, he can be forced to withdraw it and just call. This prevents the unethical play of putting out enough chips to call, seeing what effect that had, and then possibly raising.
Straddle
An optional extra blind bet, typically made by the player one to the left of the big blind, equal to twice the big blind. This is effectively a raise, and forces any player who wants to play to pay two bets. Furthermore, the straddler acts last before the flop, and may "re-raise."
Stop-and-Go
A play where you call (rather than re-raising) a raise, but then come out betting on the next card.
Squeeze
A strategical move of re-raising when there is already a raise AND at least 1 call ahead of you.
Spread-Limit
A betting structure in which a player may bet any amount in a range on every betting round. A typical spread-limit structure is $2-$6, where a player may bet as little as $2 or as much as $6 on every betting round.
Split Two Pair
A two pair hand in which one of each of your cards' ranks appears on the board as well. Example: you have T9, the flop is T-9-5, you have a split two pair. This is in comparison to two pair where there is a pair on the board. Example: you have T9, the flop is 9-5-5.
Split Pot
A pot that is shared by two or more players because they have equivalent hands.
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