HSBC upgrades rating for PartyGaming

Analysts at HSBC this week took a brighter view of poker giant Party Gaming, lifting the share price target to 122p and revealing that there is a strong potential upside of 30 percent on the share price at the 94p level.

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Poker glossary:

DRAWING DEAD - A draw in which it is impossible to obtain a winning hand for any of a variety of reasons: an opponent's hand is better than whatever you are drawing to, the card(s) that make your hand are out of play, or (in Hold'em) give an opponent a stronger hand even if it makes yours. Frequently used in the past tense, since one rarely knows it at the time.
MAIN POT - The main pot, as related to one or more side pots, when there are one or more all-in player(s). The main pot is the one in which all active players participate.
BEE No. 92 (TM) - Trade name for the "diamond back" cards frequently used in casino games. Compare: RIDER BACK.
HIGH-LOW SPLIT - Forms of poker in which the pot is split between the best hand and best lowball hand.
RAKE - Money taken from each pot and given to the house in return for hosting the game. Usually a percentage of the pot (5%-10%) up to some maximum amount.
COLD CALL - Calling both a bet and raise at the same time, as opposed to calling a bet then later calling a raise made after the call.

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