Australian poker champion trumps tax collector
An Australian world poker champion has played the perfect hand - against the tax collector.
Mortgage broker Joe Hachem won US$7.5 million (4.3 million pounds) in the
World Series of Poker in Las Vegas in July this year, setting up a high-stakes showdown with the Australian Taxation Office.
In Australia, a professional gambler is liable to pay tax on offshore winnings…
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Casino poker language:
- STACKED [DECK] - A deck that has been arranged to give one player a huge advantage. Also: RIGGED.
- OVERPAIR - In Hold'em, a pair in the hole that is larger than any community card on the board.
- CUT - To break the deck into 2 stacks of at least 5 cards each. Usually performed by the player to the dealer's right to insure that the the deck is not stacked.
- BOAT - A FULL HOUSE, three of a kind and a pair.
- BUTTON CHARGE - A periodic fee paid by whoever is the button, perhaps every 20 minutes or 30 minutes. Constitutes part or all of the HOUSE CUT.
- TIGHT - [1] A style of play that entails playing fewer hands than average. Antonym: LOOSE. [2] A FULL HOUSE.
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