MATTHEWS-BASED DUO BET ON ELECTRONIC CARD TABLE: Who needs poker dealer?

Lou White and James Crawford are countin’ their money while they’re sittin’ at the table.

Aiming to cash in on poker’s renewed popularity, two years ago the Charlotte duo created - in White’s basement - an electronic poker table. They say it saves casinos and players money. Their company, PokerTek Inc., now in an office center in Matthews, went public in October, raising about $22 million.

White and Crawford count on PokerTek to replace the world’s 6,600 dealer-manned tables…

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Poker terminology:

• GUT SHOT - A draw to an inside straight, as in 2-3-4-6.
• 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.
• SHARK - A good/crafty player often posing as a fish early in the game.
• POSSIBLE [STRAIGHT/FLUSH] - Up cards that quite possibly could lead to a straight and/or a flush.
• 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.
• FIXED LIMIT - A betting structure where the amount of each bet is a specific fixed quantity. Usually specified as A-B, where A is the amount to bet in the first few betting rounds and B (larger than A) is the amount bet in the later rounds. Related terms: FLAT LIMIT, NO LIMIT, POT LIMIT, SPREAD LIMIT.