Chuck Blount: Poker: Negreanu is offering up the chance of a lifetime
I’ve only spoken with Daniel Negreanu once in my life, but I probably have more insight into his high-rolling poker life than most people I see on a daily basis.
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Poker talk:
- PAY OFF - Calling a bet with little expectation of winning, unless the opponent is bluffing.
- ONE-EYED - The jack of hearts, jack of spades or king of diamonds. So named because the characters are drawn in profile, thus showing only one eye.
- POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
- OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
- 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.
- LOOSE - Playing more hands than the norm. Antonym: TIGHT.
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