U of M students nets about $600,000 in poker game

Newly minted poker millionaire Mike Schneider has one regret about how he spent his spring break: He didn’t get to see much of

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Wed, March 22nd, 2006

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Poker talk:

  • CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
  • LAY ODDS - To give favorable odds to an opponent.
  • TAPPED [OUT] - Out of money. Can refer to a player running out of money in the course of a hand, thus still active for the main pot; or can refer to a player who has lost his bankroll and can no longer play.
  • S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
  • DRAW OUT - To catch a card that improves your situation from a losing hand to a winning hand, especially when you beat someone holding a hand that usually figures to win.
  • BURN - To discard the top card of the deck prior to dealing, usually done for every dealing round except the first. The theory being that if somehow the cards are marked (illegally) no one will know what card will next be dealt, only what card will be burned. This makes marked cards less of an advantage, hence tends to reduce cheating.
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