Online Poker Business Sold for a Dollar
As the poker world watches, many poker industry players are making some drastic moves to restructure their business strategy, including selling off their online poker and other online gambling deparments - at least, those that operate in the US. One company, Excapsa, may come under fire for the way they went about it - the company recently sold off its US facing operations for $130 million. The kicker is that $120 million of the price is deferred until after the bill becomes law…
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Poker terminology:
- 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.
- ON THE COME - A situation where the player does not have a complete hand but hopes to make one if the right cards come up.
- FLAT LIMIT - A variant of fixed limit where all bets are the same amount.
- LOOSE - Playing more hands than the norm. Antonym: TIGHT.
- OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.
- SHORT-STACKED - Playing with a only a small amount of money, thus limiting one's risk and reward.
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