Las Vegas-based group hoping to become governing body of poker
For every newly minted millionaire created by the poker tournament boom, there are dozens more full-time poker “professionals” who are scraping together a living, struggling through down periods after spending through their winnings.
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Poker slang:
- 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".
- OPENER - The player who opens the betting, especially in draw poker. A hand may have no openers, in which case it is PASSED OUT, i.e., new hands are dealt.
- POT - The total amount of money bet so far in a hand.
- 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.
- SET - In Hold'em, three of a kind where two of the cards are hole cards.
- TAP - In no-limit games, to wager all of one's money in one bet.
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