Nonprofits Raise Money Through Illegal Poker Tournaments
LOS ANGELES — Churches, school boosters and other nonprofit groups are calling the government’s bluff, raising big money through Texas Hold’em poker tournaments that state officials say are illegal, it was reported Monday. Two years into the nation’s no-limit poker craze, organizations have found that tournaments are easy and more profitable than bake sales, carwashes or other types of fundraisers, the Daily News reported. The baseball team from West Ranch High School in Stevenson Ranch made $12,
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Useful poker terms:
- HOOK - A Jack. So named because the "J" resembles a hook.
- FOLD - To decline to call a bet, thus dropping out of a hand.
- ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
- TURN - The fourth community card in Hold'em.
- FREEROLL - [1] A poker tournament that does not charge a buy-in fee; players must earn buy-in credits through previous play at the same establishment. [2] Having a lock on part of a pot (sure to win a greater fraction of the pot than one is betting) and playing to win more or all of it.
- DOOR [CARD] - A player's first upcard in stud games.
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