Jeff Haney relays some advice from a poker giant’s CEO to small cardroom execs: Make established tours work for you
Steve Lipscomb, the chief executive of the World Poker Tour, has some advice for poker executives at small and midsize cardrooms around the nation. Don’t worry about competing against the major worldwide tours such as World Poker and the World Series of Poker.Save
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Poker lingo:
- TIGHT - [1] A style of play that entails playing fewer hands than average. Antonym: LOOSE. [2] A FULL HOUSE.
- POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
- BET - To put money into the pot, pursuant to the rules of the game, thus maintaining a chance of winning the pot.
- HOOK - A Jack. So named because the "J" resembles a hook.
- 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.
- FIRE - To make the first bet in a betting round. Used to emphasize that the player bet when a check was possible, showing strength.
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