Pot odds is a way of expressing how much we can potentially win compared to what we are risking.Pot odds are traditionally expressed in a ratio format (eg. 2:1 two to one) but it’s becoming increasingly common for professional players to express pot odds as a percentage. If there is $100 in the middle and our opponent bets $50, we are getting 25% (or 3:1 three to one) pot odds on a call.Pot odds can be compared to our pot equity to determine if we have a profitable call (at least, assuming there is no further action after we make the call. If there is further action, an implied odds calculation is more useful).

Play the board essentially means to not make use of our hole cards when playing a hand. The first way this occurs is when the 5 community cards on the board make the strongest possible hand for us, so we don’t actually use our hole cards as part of our final hand. Imagine a TJQKA board in Hold’em, with no possible flush. Both players will play the board in this case. The second idea behind playing the board is that a player bases his decisions solely on the board texture and does not take into account his hole cards (presumably because they haven’t connected with the board in any meaningful way).

Overcall is a call made after there has already been a call on the current betting round. This means there has already been a bet or raise on the current street and at least one other player has called that bet or raise.

Overlay is extra money added to a tournament prizepool so that the room meets its guarantee on that tournament. If, for example, a poker room advertises a $5,000 guarantee tournament, it’s making a promise that there will be at least $5,000 in the prize pool. If only 400 players pay a buyin of $100, it means total buyins only amount to $4,000 (ignoring any fees) and there would be an overlay of $1,000 which the poker room must add to the prizepool. Tournaments with overlay are more profitable because we battle through less players for a big prize.

Find the meaning of the term "overbet" in poker along with a brief rundown of when overbets should be used in game.

Omaha is a poker variant similar to Hold’em. The key difference is that we get dealt 4 cards on the first betting round (preflop) instead of 2. We must then use exactly 2 of our hole cards in conjunction with community cards to make the best 5 card hand. Similar to Hold’em, Omaha has 4 betting rounds (preflop, flop, turn and river) followed by showdown. Omaha is typically played with a pot limit betting structure.