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 terminology:
- PAT - Holding or being dealt a pat hand. "I'm pat" would mean "I don't want to draw any cards.
- 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.
- LITTLE SLICK - In Hold'em, hole cards of A-2, suited or not.
- ROLLED UP - In seven-card stud, being dealt three of a kind in the first three cards.
- SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
- DEALER'S CHOICE - In home games, a rule that permits the dealer to name which poker game to be played that hand. Often limited to selecting from a list provided.
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