To steal is to raise with a hand less valuable than what might normally be considered a raising hand, with the hope that the few players remaining will not have a hand worth calling the raise, thereby winning the antes or blinds without further action.
This play is used either in late position after several people have folded, or when the game is short-handed. Steals happen most often in tournaments due to the escalating ante/blind structure.
While steals like this don't win much money per hand, they can accumulate to considerable profit if the players to your left are passive enough to not contest many of your steals. Of course, skilled players will recognize repeated steal plays and frequently reraise for defense.
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Categories: Poker gameplay and terminology