Poker craze seems to be fading

As the holiday season nears an end, the poker industrys long run of luck seems to be running out as the national craze for the game appears to be fading.

The worldwide poker industry appears to have hit every possible inside straight, long-shot flush and unlikely full house that it could, accumulating a large pot of cash in the process.

But as the holiday season nears an end, the industry’s luck seems to be running out as boxed sets of cards and chips are discounted, ratings fade for some poker-themed television shows and shares of a poker-linked stock slump.

From televised celebrity poker tournaments to Internet gambling sites, from thronged tables at Las Vegas casinos…

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Thu, December 22nd, 2005

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Poker dictionary:

  • RACE - In tournaments it is sometimes convenient to remove all lower-denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips.
  • EVEN-MONEY - A bet that pays off exactly the amount wagered. E.g., "Double or nothing" is an even-money bet.
  • BOAT - A FULL HOUSE, three of a kind and a pair.
  • PAT - Holding or being dealt a pat hand. "I'm pat" would mean "I don't want to draw any cards.
  • CALLER - One who calls. Sometimes used collectively, as in "3 callers".
  • GUT SHOT - A draw to an inside straight, as in 2-3-4-6.
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