Video poker kingpin loses big
The United States won a $41 million judgment against well-known video poker kingpin John “Duffy” Conley yesterday in federal court. The government will likely never recover anywhere near that amount, which includes unpaid taxes from Mr. Conley’s illegal earnings from 1985 through 1995.
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Useful poker terms:
- FREEROLL - [1] A poker tournament that does not charge a buy-in fee; players must earn buy-in credits through previous play at the same establishment. [2] Having a lock on part of a pot (sure to win a greater fraction of the pot than one is betting) and playing to win more or all of it.
- SPLIT [OPENERS] - In draw poker, to discard one or more openers, usually to draw to a straight or flush. Normally requires the opener to declare the act and retain the discards so that the act of opening can later be validated.
- FOURTH STREET - In stud poker, the fourth card dealt to each player. Sometimes used to refer to the fourth community card dealt in Hold'em, although the more common term for this is TURN (q.v.).
- FLAT LIMIT - A variant of fixed limit where all bets are the same amount.
- FIXED LIMIT - A betting structure where the amount of each bet is a specific fixed quantity. Usually specified as A-B, where A is the amount to bet in the first few betting rounds and B (larger than A) is the amount bet in the later rounds. Related terms: FLAT LIMIT, NO LIMIT, POT LIMIT, SPREAD LIMIT.
- NICKEL - Five dollars, usually represented by a red casino check.
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