World Poker Tour Makes Calculated Bet

State-owned Svenska Spel will be running the online poker market in Sweden, thanks to decisions made recently by the Swedish government. It is reported by the Scandinavian press that the reasoning behind this move, as opposed to allowing a private organization to run the show, is that Svenska Spel will be easier to use to enact state mandates and otherwise keep control of the poker market in government hands.

The two year trial has a number of caveats, such as minimum age of 18 to participate, and Swedes must indicate up front how much money they are willing to lose. New details have surfaced, including the dollar amount for the limit, the equivalent of $10,000 USD…

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Poker terminology:

POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
MISDEAL - A hand dealt incorrectly that must be re-dealt.
IN - Still eligible to win the pot. "I'm in" is often spoken as one adds chips to the pot, calling.
LIVE ONE - The best kind of opponent, a poor player with a lot of money to lose and in a hurry to lose it.
SET - In Hold'em, three of a kind where two of the cards are hole cards.
PAT HAND - In draw poker, a hand that does not need any more cards. Specifically, a straight, flush, full house or straight flush. One might bluff and represent a pat hand but actually hold something else.

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