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RING GAME - A standard game where players can come and go as they choose. The opposite of TOURNAMENT.
CUT - To break the deck into 2 stacks of at least 5 cards each. Usually performed by the player to the dealer's right to insure that the the deck is not stacked.
TRIPS - Three of a kind. In Hold'em the term SET is used when two of the three cards are hole cards.
ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
RUNNER-RUNNER - A hand made using both of the last two cards dealt.

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