Online Poker Powerhouse PartyGaming Ready to Sign New CEO
OPN has been following the goings-on over at PartyGaming for the last month or so regarding who will fill the role of outgoing CEO Richard Segal. As reported previously, Segal resigned from the online poker and casino company after he could not agree to the company’s request that he move to its headquarters in Gibraltar. While Segal is officially on board until June 1st, it appears as though PartyGaming has already lined up a potential replacement. Mitch Garber will likely fill the large shoes belonging to the CEO of the world’s largest online poker company.
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Poker lingo:
- 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.
- ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
- JOKER - A 53rd card in the deck, distinct from the others, used as a wild card or as a BUG.
- INSIDE STRAIGHT - Four cards to a straight, where only one rank will complete the hand. E.g., 4-5-6-8 is an inside straight since only a 7 will fill (i.e., complete) the hand. Often called a GUT-SHOT. Compare: BOBTAIL STRAIGHT, OPEN-ENDED STRAIGHT.
- KICKER - In hands containing pairs and trips, the highest card not matched. In draw games, sometimes a card kept for deception purposes.
- 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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