SEC Probes Brunson WPT Bid
More than five months after his short-lived bid to buy World Poker Tour Enterprises, Inc. (WPTE), poker legend Doyle Brunson is being investigated by the SEC.
Brunson offered to purchase WPTE on July 8 for $700 million, causing the company’s stock price to skyrocket 50 percent. Shortly thereafter, the stock declined, as WPTE said it was unable to obtain further information about the bid, bringing up questions…
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Poker jargon:
- STAND OFF - To call a raise. "Opener raises, I stand off".
- EVEN-MONEY - A bet that pays off exactly the amount wagered. E.g., "Double or nothing" is an even-money bet.
- FREE CARD - A card dealt after all players checked in a betting round.
- RAINBOW - In flop games, a flop in which no two cards are of the same suit. "The flop was A 9 7 rainbow."
- LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
- STACKED [DECK] - A deck that has been arranged to give one player a huge advantage. Also: RIGGED.
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