State warns charities to fold ‘em
The recent surge of interest in poker has many California charities turning to the games to raise money. Now they’re learning it’s a bad bet. The state Department of Justice has been warning surprised fundraisers about a 2-year-old law that makes the games illegal.
One San Jose organization, the Almaden Business Association, found out the hard way earlier this month. Three days before its scheduled charity poker tournament, association officials were forced to cancel their fundraiser for the Almaden …
Related Poker Industry and Poker and Law News:
- WSOP Updates – Charities Also Winners at this Years WSOP
- Tribal Alliance warns that Internet poker could cost the state money
- Seeking New Sources of Money, Charities Get in on Poker Craze
- House rejects more frequent charitable poker tournaments…
- Texans Ordered to Fold ‘Em, Poker Runs That Is
- Attorney warns of freeing video poker ‘beast’ at hearing
- Poker Pros Understand Fold Equity
- Residents poker company gives a hand to charities
- Bill would ease wagering limits for poker events in Maine
- Texas Bikers Aren’t Making a Poker Run for the Border Just Yet
- California Assembly Approves Charity Poker Bill
- NH poker:Red tape ends game for charities
Poker lingo:
- STUD - Any of several poker games in which some of each players' cards are exposed.
- FAVORITE - Before all the cards are dealt, a hand that figures to be the winner. Ant: UNDERDOG.
- BLACK - When referring to chips, black usually stands for $100 casino chips. "This guy sits down with a stack of blacks and raises the first bet." Not ALL casinos use black for $100 but that is the common usage.
- DEAD MONEY - Money contributed to the pot by players who have folded.
- CARDS SPEAK - Winner(s) of the hand are determined by turning their cards face up, the best hand(s) wins (no declaration).
- SCOOP - To take all of a pot that is normally split, either by winning both halves outright or winning one half when no players qualify for the other half.
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