Poker bets are a type of wager that can be made during a poker game. A poker bet is an agreement between two or more players to place a specific bet on a specific outcome of a given hand.
Betting can be done on any given hand, but is most commonly used to determine the winner of a pot.
There are several different types of poker bets, including:
Pot odds – These bets are made when the pot odds between two or more players are equal. For example, if there are three players in the hand and each player has $10 in chips, and one player bets $5 that their opponent has no high card, that player would have pot odds of 3-1 (or 3 to 1) in this situation.
Pot odds can also be expressed as “pot = $ x bet” where “x” is the amount of money being wagered.
Blinds – A blind is an amount of money that is placed into the pot pre-flop without any knowledge of what cards are being played. This allows all players to get an idea of how much they might need to put into the pot pre-flop in order to participate in the hand.
Blinds are also used as a tool to control the number of hands played in a given session. For example, if there are five players at the table and each player is required to make a minimum buy-in for every hand, then each player would also need five blinds (or 50 chips) in order to participate in every hand.
UTG – This stands for “Under The Gun.” UG stands for uncoordinated group and refers to any position other than the big blind (the first position player to put down no money).
In UG positions, all hands start with one less chip than what is needed to call (2x the big blind). So, if there’s a $5 UTG bet, then all hands start with $2 in chips instead of the normal minimum buy-in requirement of $5.
