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FIXED LIMIT - A betting structure where the amount of each bet is a specific fixed quantity. Usually specified as A-B, where A is the amount to bet in the first few betting rounds and B (larger than A) is the amount bet in the later rounds. Related terms: FLAT LIMIT, NO LIMIT, POT LIMIT, SPREAD LIMIT.
BLANK - Used in describing stud and Hold'em games. Refers to a dealt card that does not offer any value; stating the actual rank and suit would detract from a description of the hand. "The last card was a blank.".
LATE BLIND - In addition to "regular" blinds, some games allow a player (particularly a new one) to post a blind bet in return for the right to enter the game immediately and act last on the first betting round. The amount of the blind is determined by house rules, usually somewhere between the last blind and double the last blind. It is frequently a LIVE BLIND.
PAY OFF - Calling a bet with little expectation of winning, unless the opponent is bluffing.
POT ODDS - The amount of money in the pot divided by the amount of money you must bet in order to call. Often used to determine if a pot offers enough reward to play on the come.
QUARTER - [1] Twenty-five dollars, often symbolized by a green casino chip. [2] To divide half a pot between two tying hands. In split pot games, a player who "ties" another player for their half of the pot is said to be "quartered". One might say "I didn't bet my A-2 because I figured I'd get quartered".

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