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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Useful poker terms:
- SHARK - A good/crafty player often posing as a fish early in the game.
- BET FOR VALUE - Betting a hand that, in the long run, is expected to win more than it loses. Antonym: BLUFF.
- 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.
- BUTTON - A distinctive token held by the player sitting in the theoretical dealer's position, when a house dealer is used. The button rotates around the table so that every player has an opportunity to be the last to act. Also, "THE BUTTON" can refer to the player who currently has the button. ("I was the button and called the blind".) Synonyms: BUCK, PUCK.
- RAGS - Board cards that are small, not suited and not in sequence, e.g., 9-5-2. When "rags flop", it is unlikely that anyone has a good hand, except possibly the big blind in an unraised pot.
- DEAD MAN'S HAND - Generically: two pair, aces and eights. Specifically: the black aces, black eights and nine of diamonds. The hand Wild Bill Hickok was holding when he was shot to death.
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