Poker Cap Lifted in Michigan

When poker players play No Limit Texas Holdem, they like to play no limits. In Michigan, however, that had proved hard to do until recently. The Michigan Lottery’s Charitable Gaming Division held a $500 cap on daily winnings for charitable gambling events, but that cap has now been lifted by the same group…

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Wed, November 29th, 2006

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Poker lingo:

  • BEE No. 92 (TM) - Trade name for the "diamond back" cards frequently used in casino games. Compare: RIDER BACK.
  • TABLE STAKES - A standard rule whereby during a hand players can only bet the money they have on the table. If the bet to a player is more than the player's stack, that player may call with all his chips and be eligible to win only that portion of the pot he contributed to equally. A side pot is created, for which only the remaining players may compete.
  • LAY ODDS - To give favorable odds to an opponent.
  • BLANK - Used in describing stud and Hold'em games. Refers to a dealt card that does not offer any value; stating the actual rank and suit would detract from a description of the hand. "The last card was a blank.".
  • BET FOR VALUE - Betting a hand that, in the long run, is expected to win more than it loses. Antonym: BLUFF.
  • 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.
November 2006
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