$60 million winner-take-all poker tournament set
LOS ANGELES Six players will compete in a winner-take-all 60 (m) million dollar poker tournament next summer.
It’s believed to be the largest single-day payout in the history of sports on television.
Fox Sports Net and Mansionpoker-dot-net reached agreement on a three-year deal, with the pots growing to 75 (m) million dollars in 2007…
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Casino poker language:
- EDGE - An advantage over an opponent, either specific or subjective.
- SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
- 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".
- PAY STATION - A player who rarely folds, thus who frequently calls better hands and loses. Almost as much fun as a LIVE ONE.
- RAISE - To wager more than the minimum required to call, forcing other players to put in more money as well.
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
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