An Open Letter from WPT Founder Steven Lipscomb
Today on the popular internet poker message forum run by Two Plus Two Publishing, a representative from the World Poker Tour (WPT) posted letter to the poker community written by WPT Founder, Steven Lipscomb. In the letter, he addressed several recent concerns people have had about his company and left it open to the members of the forum to comment as they felt necessary.
Below is the letter in its entirety…
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Poker glossary:
- FIFTH STREET - In stud poker, the fifth card to be dealt to each player. Sometimes used to refer to the last card dealt in Hold'em, although the more common term for this is RIVER (q.v.).
- TRIP - Three of a specific kind, as in "Trip sixes".
- TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
- BIG BOBTAIL - An open-ended 4-card straight flush.
- WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.
- LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
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