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VP$IP(Voluntarily Putting money In the Pot) - It's the % times the player is in the pot. For example, a 40% VPIP means you is in 40% of the pots. This measures the looseness a player pre-flop: if a player calls 40% of the hands preflop, he's a truly loose player and it is highly likely that he's a bad player. For full-ring tables (10 players), a VP$IP of 10%-20% is considered tight. A VP$IP of 30% or more is very loose.
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