Online Poker Exemption in UK

Offshore online poker rooms might be tempted to establish a UK presence by applying for a UK gaming license thanks to UK Chancellor of the Exchequer, Gordon Brown. Brown introduced a plan to entice these companies by not requiring them to relocate to the UK and be subject to the British Value Added Tax (VAT), which could make it cost prohibitive to do so. In return for a 2% or 3% fee, known as “Remote Gaming Duty”, these companies will have the advantage of the UK license but will remain on their offshore sites for tax reasons.

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Useful poker terms:

EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
TRIPS - Three of a kind. In Hold'em the term SET is used when two of the three cards are hole cards.
HIGH-LOW SPLIT - Forms of poker in which the pot is split between the best hand and best lowball hand.
RIDER BACK (TM) - A brand of playing cards that feature a bicycle rider on the back of the cards. Often used in home games. Compare: BEE No. 92.
BIG BOBTAIL - An open-ended 4-card straight flush.
RAINBOW - In flop games, a flop in which no two cards are of the same suit. "The flop was A 9 7 rainbow."

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