$80 Million Poker Prize

At Australia’s Crown Casino, in Melbourne, the biggest prize purse in Aussie history will be up for grabs next year. Six of the best poker players in the world will play for a purse of $80 million, the crown event of a tournament being launched from Los Angeles. American poker pro Phil Ivey is the first known player announced, signed up by the event organizers…

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Tue, December 13th, 2005

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Poker jargon:

  • SEVENTH STREET - The seventh card dealt in 7-card stud.
  • TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
  • STRAIGHT FLUSH - A hand consisting of 5 cards in sequence and the same suit.
  • ROYAL FLUSH - An ace-high straight flush, the best possible hand in regular poker.
  • FIFTH STREET - In stud poker, the fifth card to be dealt to each player. Sometimes used to refer to the last card dealt in Hold'em, although the more common term for this is RIVER (q.v.).
  • ON TILT - Playing worse (usually, more aggressively) than usual because a player has become emotionally upset.
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