Blinds are forced bets that the two players to the left of the dealer button must post before any cards are dealt, seeding the pot so there's always something worth playing for.
At a live $1/$2 table, the player left of the button posts $1 as the small blind and the next player posts $2 as the big blind before anyone looks at their cards. Every other player at the table can now either call the $2, raise above it, or fold, but those two forced bets are already live in the pot regardless of what they hold.
A player starts a tournament with 20,000 chips when blinds are 100/200, giving them 100 big blinds of room to play patiently. Ninety minutes later the blinds have climbed to 1,000/2,000 on the published schedule. That same 20,000-chip stack, if it hasn't grown, is now only 10 big blinds deep, forcing much more aggressive shove-or-fold decisions than the player faced at the start.
Going all-in means betting or calling with every remaining chip in a player's stack, committing them to the maximum they can risk on that hand.
Pot odds are the ratio between the current size of the pot and the cost of calling a bet, used to judge whether chasing a drawing hand is worth the price.