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:
- BET FOR VALUE - Betting a hand that, in the long run, is expected to win more than it loses. Antonym: BLUFF.
- FOUR OF A KIND - A hand containing all four cards of the same rank.
- BLANK - Used in describing stud and Hold'em games. Refers to a dealt card that does not offer any value; stating the actual rank and suit would detract from a description of the hand. "The last card was a blank.".
- NO-LIMIT POKER - A game where there is no maximum bet; a player can wager any amount (perhaps above some minimum) up to whatever money is on the table in front of him.
- 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.
- 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.
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