Poker Scandal - Doyle Brunson Under Investigation By The SEC

The LA Times is reporting that US securities investigators announced on Friday that Doyle Brunson was officially under investigation for the possible violation of anti-fraud laws. In July, Doyle Brunson made an unsolicited offer to buy the World Poker Tour for an astronomical $700 million, nearly double the company’s market value at the time…

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Poker slang:

ON THE COME - A situation where the player does not have a complete hand but hopes to make one if the right cards come up.
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.
HIT - To make a hand or catch a card or cards that improves one's hand. "I hit a gut-shot draw on the river."
BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
GOOD GAME - A game with players worse than you so that you can expect to win a lot of money.
FLAT LIMIT - A variant of fixed limit where all bets are the same amount.

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