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Poker terms you should know...
Players can buy a predetermined amount of chips for a predetermined amount of money, Offered to all players during the break at which the re-buy period ends, regardless of how many chips they already have.
All In
Declaration by a player that indicates they are wagering all of their remaining chips. Other players in the hand may ask the dealer to count the chips and declare the amount. If there is a bet and a player does not have enough chips, they can call with their remaining chips, which will make them "all-in".
Amount posted by all players before the hand is dealt to force players to have a stake in the hand and encourage them to play more aggressively. In Texas Holdem tournaments antes are introduced at a predetermined level and increased along with the blinds. They may be implemented at the directors discretion if time restraints call for it.
The first wager in a round of play is a bet all other actions in that round will be "calls" or "raises". In no limit poker you may bet as much as you have on the table as long as it is at least the amount of the "big blind".
Big Blind
The person to the left of the small blind must put up the total minimum bet as a stake in the hand about to be dealt. They will then have the option to make a raise after all other players have acted. There will always be a big blind and it will move clockwise around the table after every hand. If a player is not at the table when they are "in the blind" the dealer will take the appropriate amount from the players chips for the pot.
This is the name given to the forced bet that the first two players must post before the cards are dealt. The amount dictates the minimum bets for that level and they are increased as the tournament progresses. The player positions that must post the blinds will rotate around the table. The amounts are predetermined as well as the times at which they are increased.
Blind level
The amount of the small and big blinds at any given time.
Blind schedule
Predetermined structure of the blind amounts and the time limits at which they will be increased. This is flexible and should be set accordingly as it is the only way to control the timing of the tournament. If you have to be finished by a specific time and the blind levels are too long you will not be able to finish the tournament. If they are too short players will be forced out quickly and less likely to re-buy or participate in the future and may be upset they paid at all.
The amount that a player pays to enter the tournament. (In the case of fundraisers, either poker or casino nights, the fee they pay for their entry to the event may include food, beverage, and entertainment other than gambling. Entry into the tournament may be included or additional. Keep this in mind if you choose to offer re-buys.)
To match a bet with an equal amount. If a player says "call" but does not have enough chips to cover the bet then that player is "all in".
To pass on your option to bet.
Chop Pot
When two or more players have equal hands the pot is divided equally. In the event of an odd amount in the pot the extra chip will go to the first person to the left of the dealer button.
Dealer Button
Large chip that designates where the dealer will start dealing from. The first card dealt goes to the person to the left of the person that has the dealer button, the person with the button gets last card dealt. The button rotates clockwise around the table after each hand.
To surrender your hand and forfeit any stake in the pot.
The chips that have been wagered are collected by the dealer after each betting round and this makes the pot.
Players may opt to pay an additional fee at the start of the tournament and receive more chips. This must be done before the start of the tournament and usually replaces "re-buys". You may choose this option if you are restricted by time as re-buys will cause the tournament to run slower. (if the original buy-in included food, beverage etc. the pre-buy fee may be adjusted accordingly)
Raise or Re-raise
To increase a players bet & the minimum raise is the amount of the original bet. To make a second raise is a re-raise. The minimum re-raise is the amount of the previous "raise". There is no maximum in "no limit".
If you lose all of your chips, or fall below a specified amount, you can pay the entry fee again and get the full amount of chips you started with. This must be done before the start of the next hand. Some tournaments allow only one re-buy while some tournaments allow multiple re-buys. The re-buy period only lasts for the first several blinds levels (usually the first hour). (if the original buy-in included food, beverage etc. the re-buy fee may be adjusted accordingly)
Side Pot
If one or more players has wagered all of their remaining chips (they are "all in") betting may continue among the other players and these chips are separated. This is a "side pot".
Small Blind
The first person to the left of the person with the dealer button is forced to put half of the minimum bet up as a stake in the hand about to be dealt. This blind bet will count toward the players first bet but will be relinquished if they choose to fold their hand. There may be times when there is no small blind posted and the dealer will inform the table of this.
The Board
The community cards in the center of the table.