Aussie poker king wins in tax stakes
Australian world poker champ Joe Hachem’s lucky streak has continued, with news he won’t have to pay income tax on his $10 million winnings from Las Vegas because he was pursuing a hobby, not working.
The Melbourne father of four toppled American and European poker heavyweights by blitzing the World Series of Poker in July.
Hachem’s lawyers said the Australian Taxation Office had found their client was not in the business of playing poker…
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- Poker king wins
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Poker lingo:
- DEAD MAN'S HAND - Generically: two pair, aces and eights. Specifically: the black aces, black eights and nine of diamonds. The hand Wild Bill Hickok was holding when he was shot to death.
- BELLY BUSTER - An inside straight draw. Same as GUTSHOT.
- BRODERICK CRAWFORD - In Hold'em, hole cards of 10-4. From the 1950s TV series "Highway Patrol", starring Broderick Crawford.
- 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).
- FULL OF - Describes a full house. "Fives full of queens" is 5-5-5-Q-Q.
- RIVER - The last card dealt in a hand of stud or Hold'em.
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