Melbourne to host $80m winner-takes-all poker tournament
Melbourne’s Crown Casino has announced that it will host the world’s richest poker tournament next year - a winner-takes-all battle for $80 million.
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Poker lingo:
- LAY ODDS - To give favorable odds to an opponent.
- TAPPED [OUT] - Out of money. Can refer to a player running out of money in the course of a hand, thus still active for the main pot; or can refer to a player who has lost his bankroll and can no longer play.
- RUNNER-RUNNER - A hand made using both of the last two cards dealt.
- 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.
- SCOOP - To take all of a pot that is normally split, either by winning both halves outright or winning one half when no players qualify for the other half.
- BELLY BUSTER - An inside straight draw. Same as GUTSHOT.
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