Chuck Blount on poker: Legislation tightens screws on Internet gambling
After the passage of the Safe Port Act on Oct. 13, 2006, which had the Unlawful Internet Gambling Enforcement Act (UIGEA) attached to it, the process of funneling money into an online poker Web site has suddenly become very difficult.
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Poker argot:
- EVEN-MONEY - A bet that pays off exactly the amount wagered. E.g., "Double or nothing" is an even-money bet.
- REBUY - [1] To purchase additional chips after an initial buy-in, usually after losing most or all of the previous buy-in. This term is most often used in certain tournaments where if one loses all one's chips, or falls below a certain minimum chip level, for an additional sum of money one can purchase a fixed amount of additional tournament chips. Usually there is a time limit (The "REBUY PERIOD") as to how long rebuys are allowed. [2] The additional chips "rebought" in tournament play.
- FLUSH - A poker hand consisting of five cards all one suit.
- FISH - A player who loses money. An old saying is "If you can't spot the fish at the table, *you* are the fish.".
- FORCED BET - In some stud games a player may be required to make a bet to start the action on the first card. This is similar conceptually to blinds and antes, but in this case is dependent on the cards shown rather than player position. Usually the weakest hand is forced to bet.
- BET - To put money into the pot, pursuant to the rules of the game, thus maintaining a chance of winning the pot.
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