Explanation
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.
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").
tl/dr
forum speak for "too long, don't read"
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."
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.
Top and Bottom
Two pair, with your two hole cards pairing the highest and lowest cards on the board.
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 Set
The highest possible trips. Example: you have Tc-Ts, and the flop comes Td-8c-9h. You have flopped top set.
Top Two
Two pair, with your two hole cards pairing the two highest cards on the board.
Trips
Three of a kind.
Turn
The fourth community card. Put out face up, by itself. Also known as "fourth street."
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.
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."
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.
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."
Wheel
A straight from ace through five.
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