5-Bet
Also known as: five-bet, 5bet
The fifth bet preflop — a reraise over a 4-bet, almost always either a premium value jam or a pure blocker bluff-jam.
A 5-bet reraises a 4-bet and, at 100bb, is usually all-in or commits stacks. By this point the ranges are extremely narrow and maximally polarized: the value side is essentially AA, KK, and AK; the bluff side is a thin selection of blocker-driven jams (A5s, sometimes AKo used as a mixed value/bluff hand because it blocks the calling range hard).
The defining feature is stack depth dictating frequency. Deeper than ~150bb you 5-bet more for value and rarely bluff-jam, since the opponent's 4-bet range is stronger and pot odds to call your jam improve. Shallower (≈80–110bb), the 4-betting frequency rises, which means the 4-bettor can be exploited by a tight, blocker-correct 5-bet bluff that folds out their air.
Whether a 5-bet bluff-jam profits is a pure fold-equity equation: with risk \(R\) into pot \(P\), you need folds \(> \dfrac{R}{P+R}\) (adjusted for the equity you retain when called). In ICM spots, the calling stack's risk premium often makes the 5-bet jam more profitable than chip-EV suggests — they must fold more.
Example
100bb: UTG opens, BB 3-bets, UTG 4-bets to 22bb. BB 5-bet jams ~100bb with AA/KK/AK and a low frequency of A5s. A5s blocks AA and AK, so when UTG continues it's disproportionately KK/QQ — exactly the combos that hate seeing a jam without the nuts.