World Poker Tour Sued by Poker Pros
The parent company of popular poker TV program World Poker Tour has come under fire recently in an antitrust suit filed against them by seven big name poker pros. WPTE Inc has been accused of violating antitrust ideals by forcing poker players to sign agreements that would allow the company to use their likeness and images in derivative media, such as video games, without giving the players the chance to negotiate.
The players named in the lawsuit include Andy Bloch, Phil Gordon, Chris Ferguson, Howard Lederer, and the three most recent World Series of Poker Champions, Joe Hachem from 2005, Greg Raymer from 2004, and Chris Moneymaker from 2003. Raymer, a former attorney, says he plans on losing money on this case, but intends for it to set a precedent for all poker players….
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Poker jargon:
- RACE - In tournaments it is sometimes convenient to remove all lower-denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips.
- BARN - A FULL HOUSE, three of a kind and a pair.
- BET - To put money into the pot, pursuant to the rules of the game, thus maintaining a chance of winning the pot.
- POCKET PAIR - Generic Hold'em term for 2 hole cards of the same rank.
- TO GO - The current betting level, as in "$20 to go" meaning every player must contribute $20 (total) or drop. A $10 raise would then make the pot "$30 to go".
- QUALIFIER - A minimum standard that a hand must meet in order to win. Usually applied to the lowball side of a high-low split pot.
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