Online Poker Room Promises More Money to WSOP Champ

Last year was another record breaker for the World Series of Poker, with the new champion, Joe Hachem, taking home $7.5 million (tax free, thanks to a loophole in Australian law.) This year promises an even bigger jackpot, likely $10 million, and one online poker room wants to add $2 million on top of that.

If this year’s WSOP Champion qualified for the event through PrestoPoker.com’s daily WSOP satellites, then PrestoPoker will fork over $2 million in icing for the cake. The poker room is trying to recruit the best of the best to qualify via their site, and garner a bit of publicity in the meanwhile. The daily satellites are a big draw, as is multilingual support and supposedly loose action….

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Wed, May 3rd, 2006

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Poker argot:

  • LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
  • MUCK - [1] A collection of face-down cards near the dealer composed of discards, i.e., folded hands, burns and discards for drawing purposes. [2] To throw one's cards into the muck, thus folding.
  • SEAT POSITION - The actual seat a player has, normally numbered sequentially starting with 1 as the first seat to dealer's left. Not to be confused with POSITION in a particular pot. Typically unrelated to play of a hand but often important in peripheral aspects, e.g.: "Seats 1 and 10 are nonsmoking here", "Seat 5 has a good view of the table", "Seat 3 is in a high-traffic area".
  • LIVE [CARD] - In Stud, a card probably not held by other players.
  • WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.
  • 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.
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