pool vs water hole

pool and water hole both are nouns.

Word	Noun	Adjective	Verb	Adverb
pool	Yes	No	Yes	No
water hole	Yes	No	No	No

As nouns, water hole is a hyponym of pool; that is, water hole is a word with a more specific, narrower meaning than pool:

Other hyponyms of pool include fishpond, horsepond, mere, millpond, swimming hole.

pool (noun)	water hole (noun)
any of various games played on a pool table having 6 pockets	a natural hole or hollow containing water
an excavation that is (usually) filled with water
an association of companies for some definite purpose
an organization of people or resources that can be shared
something resembling a pool of liquid
a small lake
a small body of standing water (rainwater) or other liquid
any communal combination of funds
the combined stakes of the betters

pool (verb)	water hole (verb)
join or form a pool of people
combine into a common fund