Poker Industry Gets Nod From LA Times

When a major newspaper comes out and says “you’re okay” many people consider that a ringing endorsement. In a recent article entitled “Don’t Bet the House” the LA Times rang the bell quite loudly when they came out behind legalizing online gambling and poker, a move that is in direct opposition to the current heading of the Ship of State in Washington DC.

The article sums up the reasoning of legislators who are seeking to enforce the illegality of online poker, but also points out the inconstancies of policies, such as ignoring online horse gambling. The Times says the major reason to regulate the industry is the ability to keep it safe for those who like to partake, as well as tapping into a $12 billion industry that is taking American money and not giving any back….

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Poker talk:

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.
RAISE - To wager more than the minimum required to call, forcing other players to put in more money as well.
PAT - Holding or being dealt a pat hand. "I'm pat" would mean "I don't want to draw any cards.
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.
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".
RIVER - The last card dealt in a hand of stud or Hold'em.

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