The Price of Fame – WSOP Champ Gold Sued for Half his Winnings
When you win the lottery, or let’s say $12 million in the WSOP, everyone wants a piece of you. Friends, and family you never know you had often ‘appear’….
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Poker lingo:
- EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
- 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.
- CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
- OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
- LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
- ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
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