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all in
Being all in means that the entirety of the player's stack has been contributed to the pot. They have no more money with which to call or raise.
Rasing all in
If you are in a position to bet and have more money than to just cover the call then may go all in. You announce "all in" and push in all of your chips.
This could be done either as a risky bluff or as a value bet should you believe you have the best hand.
Tim, on the button, raises $15 to Jenny in a $10 pot. Jenny had raised pre-flop. She didn't hit her flop but strongly suspects Tim is bluffing and that she still holds the highest hand. Not wishing to allow Tim to draw further cards she goes "all in" for $60. Tim folds.
Calling all in
If somebody has raised the bet to more than, or equal to, your stack size you may call the bet by going "all in". Even if you do not have enough chips to cover the bet you may go "all in". In this case a side pot will be created.
This is done in situations where you believe you hold the best hand. Either you think the raiser is bluffing or you hold the first or second nut hand. Alternatively you may simply have a short stack and the call is nothing out of the ordinary.
On the fifth card in 7-card stud Jason gets the 2♣ completing his four of a kind. Tammy is showing K♦ Q♦ T♣, and she announces her straight, or possible flush by going all-in. Jason calls as he is unlikely to lose at this point.

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