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Poker Glossary - E

.English Bet
Applied to wagers which will be collected on if won,
but not paid out if lost, Referring to Ram Vaswani's
famous unpaid golf prop bet with Phil Ivey
early position
See position (poker).
eight or better
A common qualifier in High-low split games that
use Ace-5 ranking. Only hands where the highest
card is an eight can qualify to win the low portion
of the pot.
equity
One's mathematical expected value from the current
deal, calculated by multiplying the amount of money
in the pot by one's probability of winning. For example,
if the pot currently contains $100, and you estimate
that you have a one in four chance of winning it, then
your equity in the pot is $25.

expectation, expected value, EV
See expected value. Often used in poker to
mean "profitability in the long run".

exposed card
A card whose face has been deliberately or
accidentally revealed to players normally not
entitled to that information during the play of the
game. Various games have different rules about
how to handle this irregularity. Compare to "boxed card".

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