Equity, equity, equity !!

[Kilay]

Heeya guys,

I been reading around a bit here and I am wondering about 1 thing. My native language isn't English and although I consider my English to be pretty good I don't understand most of the fancy words. Now I am ready some poker books (ofcourse, not in Dutch [img]/images/graemlins/confused.gif[/img]) so I am kind of wondering about the definition of equity, I think I understand what it means but just for confirmation.

It's just some kind of fancy word for chance, right ?? I mean but pot equity I thought it resembles your pot odds, if I am totally off here, just tell me and if I am about right, also just tell me and I'd like to know the connection between the 2 [img]/images/graemlins/smile.gif[/img]

Greets, Kilay