Daddys Feeling Lucky

Last summer, Ben Foster quit his $110,000-a-year job as a senior product manager at eBay to play online poker full-time. In the months leading up to his decision, the 28-year-old with a degree in statistics had been tracking his winnings on a detailed spreadsheet. After checking and rechecking the numbers, he came to the conclusion that he could earn more money playing poker than working at eBay. Plus, his wife was pregnant with their second child, and he was needed around the house. Foster deci

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Poker jargon:

LOOSE - Playing more hands than the norm. Antonym: TIGHT.
BET FOR VALUE - Betting a hand that, in the long run, is expected to win more than it loses. Antonym: BLUFF.
LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
FORCED BET - In some stud games a player may be required to make a bet to start the action on the first card. This is similar conceptually to blinds and antes, but in this case is dependent on the cards shown rather than player position. Usually the weakest hand is forced to bet.
BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
ROYAL FLUSH - An ace-high straight flush, the best possible hand in regular poker.

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