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FAVORITE - Before all the cards are dealt, a hand that figures to be the winner. Ant: UNDERDOG.
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".
LIVE BLIND - The last and largest blind bet may or may not be LIVE. If LIVE, the blind bettor has the option of "raising" his own blind in the event the bet is called around to him. This is normal, and is sometimes referred to as "blinds are live".
HIT - To make a hand or catch a card or cards that improves one's hand. "I hit a gut-shot draw on the river."
OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.

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