High Stakes Poker: Potential New Bid for Harrah’s on the Horizon?

CNBC reported yesterday that Penn National Gaming, Inc. has joined forces with hedge fund D.E. Shaw to work up a competing cash and stock bid for Harrah’s Entertainment, Inc….

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Wed, November 29th, 2006

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Poker slang:

  • FLAT CALL - To call a bet. Emphasizes that the caller did not raise.
  • 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.
  • 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.
  • S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
  • FOUR OF A KIND - A hand containing all four cards of the same rank.
  • 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".
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