Paints: also known as face cards (Jacks, Queens, Kings)
Pair: Two cards of the same rank. A pair can be either a pocket pair (i.e. you’re holding K-K as your hole cards) or a normal pair (i.e. you’re holding A-K and the flop comes A-7-3, you’re holding a pair of Aces).

Passive: A player is considered passive if he doesn’t bet or raise a lot. Depending on the hands he stays in the pot with a passive player can either be considered to be a rock or a calling station.

PFR: Pre flop raise. Raising without having seen any board cards. Usually done while holding a very good (i.e. A-A) or very promising (and possibly dangerous) hand (i.e. A-K).

Pot Limit: A player’s maximum allowed bet is determined by the current pot size. No bet can exceed the current pot size. Short: PL

Playing the board: Forming a hand by using all board cards and none of the hole cards (i.e. you’re holding 3-3, board: 10-J-Q-K-A, you’re playing the board, hence holding a straight).

PLO: Short for Pot Limit Omaha

PLO8: Short for Pot Limit Omaha 8 or better (High/Low split)

Pocket Pair: Starting hand of any two cards of the same rank (from 2-2 (lowest pocket pair) to A-A (highest pocket pair)).

Pocket Rocket(s): see Bullets

Poker Hand: A group of five cards which are ranked according to hand rankings: (Best to worst):

1. Royal Flush (Straight 10 to Ace of one suit)
2. Straight Flush (Straight of one suit)
3. Four of a Kind
4. Full House
5. Straight
6. Three of a Kind
7. Two Pairs
8. One Pair
9. High Card

Pot Equity: Your expected value from the pot. If you’ve got a 50% chance of winning the pot and the pot is 100$ your pot equity is 50$.

Pot Odds: This is the odds you are getting when you are drawing, without considering future bets. If you are drawing to hit your hand, you want to make sure there is enough money in the pot to justify drawing. The way to do this is to calculate your expected value of hitting your hand, which is called pot odds.

The formula is:

(current pot + bet) * (chance of hitting) >= bet (you should call)

(current pot + bet) * (chance of hitting) < bet (you should fold!) For example, say you have a spades flush draw. You are fairly certain you will win if you hit the flush but will lose otherwise. Thus, there are 9 other spades out there (13 - 4 ), so you have a roughly 19% chance of hitting a flush on the next card. If the pot is 90, and the bet is 10, you have odds with your flush draw. (90 +10) *.19= 19 (19 > 10 you should call)

Preflop: All players are holding there starting hands and no board cards have been dealt yet.