888 Holdings poker revenues surge 179% to $109.8 million
888 Holdings, the company that owns the online poker room Pacific Poker and the online casino 888.com, reported a $65 million profit for 2005, an increase of 59%. Most impressive was the rise in net gaming revenue for pokerup 179% from $39.3 million to $109.8 million.
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Poker slang:
- 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.
- SPLIT [OPENERS] - In draw poker, to discard one or more openers, usually to draw to a straight or flush. Normally requires the opener to declare the act and retain the discards so that the act of opening can later be validated.
- BLANK - Used in describing stud and Hold'em games. Refers to a dealt card that does not offer any value; stating the actual rank and suit would detract from a description of the hand. "The last card was a blank.".
- 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.
- AMERICAN AIRLINES - In Hold'em, a pair of Aces in the hole. Better known (at least in rec.gambling) as POCKET ROCKETS.
- POT ODDS - The amount of money in the pot divided by the amount of money you must bet in order to call. Often used to determine if a pot offers enough reward to play on the come.
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