Online Poker Giant Ladbrokes Floats Financial Results
Ladbrokes PLC, the company that owns Ladbrokes betting and gaming outlets, recently announced interim financial results to the London Stock Exchange. Analysts reviewing the data say that overall the numbers look healthy, but there are some signs that Ladbrokes exponential growth in recent years could have some adverse effects on the outfit. Ladbrokes itself highlights the increased competition, particularly in Sweden with the launch of their state lottery poker site…
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Useful poker terms:
- RUNNER-RUNNER - A hand made using both of the last two cards dealt.
- 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.
- DECLARE - In high/low games, declaring one's hand as high or low or both ways (usually done with chips in hand). Usually played in home games; casinos tend to play CARDS SPEAK.
- DOYLE BRUNSON - In Hold'em, 10-2 in the hole. So named because Doyle Brunson won two straight WSOPs (q.v.) in 1975 and 1976 with 10-2 on the last hand. (Suited (spades) in 1975, unsuited in 1976).
- MANIAC - A player who bets, raises and reraises without regard to the quality of his hand. Most often found in flop games.
- 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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