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[QUOTE="SavagePenguin, post: 927809, member: 22087"]
D'wilius explained it well.
The VP$IP lets you know how often they play, so you can estimate what range they'll be playing.  Someone in 8% is very tight, and is going to be putting money in with very good hands.  Someone with a 40%+ VP$IP is pretty loose and could be playing A/x-type hands, any connectors, any face/suited, etc.
The second number, how often they raise pre-flop, is especially important for fish.  A lot of times you see someone who's VP$IP is 50% (very loose), but they only raise pre-flop 4% of the time.  So when they raise, you know they have a hand.  I'm actually more apt to call these guys with small pairs and such, because if I do make my set, I can usually stack them with their overpair.

The third number is called their aggression factor.  Basically, the bigger the number the more likely they are to be betting without the hand to back it up.  You'll see an infinity symbol (infinite) for people who always open after the flop.  A 5 is pretty aggressive, and might be worth calling with second pair.  But a 1 is pretty tight/weak, so you fold to their continuation bets and c-bet more against them to steal.
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