Swedish Poker Monopoly Challenged by United Kingdom Outfit
Recently the Swedish government launched the first government owns online poker room through Svenska Spel, which has the poker world watching closely to see how the situation unfolds. A United Kingdom betting outfit has decided to make an attempt at challenging a potential government monopoly on poker players in Sweden.
Ladbrokes has applied for a license to operate its online poker room in Sweden and has said that it will undertake to abide by all social commitments to match the license granted to Svenska Spel. This is necessary because under the European Union law regarding competition, countries may use social reasons to stop competition…
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Poker glossary:
- STRAIGHT - A hand consisting of 5 cards in sequence but not in suit.
- PROP - Also PROPOSITION PLAYER. An employee of the gaming establishment whose primary purpose is to keep enough players at a table to prevent breaking up the game for lack of players. Unlike SHILLs "props" make a small hourly wage but play with their own money, winning or losing based on their skill.
- KICKER - In hands containing pairs and trips, the highest card not matched. In draw games, sometimes a card kept for deception purposes.
- STUCK - Down a nontrivial amount of money, as in "he's stuck $800".
- BET FOR VALUE - Betting a hand that, in the long run, is expected to win more than it loses. Antonym: BLUFF.
- TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
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