Value like expected value is poker jargon for the profit you expect to result from a hand or action. However, the word is used in a more diffuse and unspecific sense when it refers to equity or pure winnings, so that we say that there is value in a hand or situation if we can make long term profit with it. An action executed for value is one which will be profitable in the long-term.

It can also mean the rank of a hand, or the value as the strength of a card.

Related topics:

Expected value, Equity, Value bet