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Reverse Implied Odds are an adjusted pot odds calculation that take into account the fact that we may lose money on the later streets when holding a mid-strength made hand or draw. This is due to the fact that our draw is not to the nuts and may still end up dominated even after hitting. Mid-strength made hands may appear to get the direct pot odds on the current street, but must account for the fact that they will possibly face more betting action on subsequent streets. When our hand is dominated in nature (and there are chips left for the later betting rounds), reverse implied odds will give a more accurate picture than pot odds. It’s the opposite concept to implied odds.
Raise in poker means to increase the size of the existing bet on the current street. When facing our raise, the other players at the table must either, call, fold or re-raise. If no-one has placed any chips into the middle on the current betting round, the first bet in the sequence is typically referred to as a bet rather than a raise although it’s not uncommon for these terms to get mixed up in normal speech, especially amongst recreational players.
Range advantage occurs when one player’s range of possible holdings is stronger than his opponent’s. While “stronger” in this context may often apply to raw pot equity, this is not the only thing considered when deciding which player has a range advantage. Play ability of the range, vulnerability of the range, and the distribution of equity are all considered when analysing range advantage.
Rainbow means “all of different suits” in poker. It’s commonly used to describe board textures in Hold’em and Omahabut can be used in any situation where no two cards are of the same suit. A rainbow flop texture is one where all three cards are of different suits. A rainbow starting hand in Omaha is one where all four cards are of different suits.
Ragged in poker implies little to no connectivity between cards. It’s commonly used to describe a very dry flop texture in Hold’em and Omaha. An example of a ragged flop texture might be Q62 rainbow. There are no possible flush draws, and straight draws are somewhat unlikely. The term rag may also be used to describe any additional unconnected card that is dealt, similar to the term brick.An offsuitAx hand in Hold’em might be described as “Ace-rag”.