Definitions for "Position Bet"
A position bet is a bet made more on the strength of one's position than on the strength of one's hand. A player on the button in hold'em is in good position to steal the pot if no one else opens.
A bet made, usually by one of the last people to act, based solely on their position at the table, not the strength of the player's hand.
Wager taking advantage of being late to act. Examples include stealing pots after everyone else checks, buying free cards, and raising to buy the button. Positive expectation A mathematically good bet has positive expectation. If repeated many times, the bet will, on average, pay more than it loses. See expected value.