Poker expo with play money gets busted

So let’s get this straight: Southern Californians can legally squander their entire paychecks every week on the state-sponsored lottery, lay huge bets on horses at any number of racetracks, play bingo and other card games at all-night clubs until they collapse from exhaustion, and of course, drive an hour or two for Indian casinos that nearly replicate the Las Vegas experience. But gaming demonstrations with fake money are verboten? Incredibly, it appears to be true. As the Press-Telegram’s Felix …

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Wed, November 23rd, 2005

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Poker terminology:

  • FOLD - To decline to call a bet, thus dropping out of a hand.
  • EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
  • OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
  • WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.
  • HOOK - A Jack. So named because the "J" resembles a hook.
  • IMPLIED ODDS - A refinement to POT ODDS which includes money not yet in the pot. Considers the potential extra bets and winnings made when a player forms a very good hand.
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