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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Poker dictionary:
- FIFTH STREET - In stud poker, the fifth card to be dealt to each player. Sometimes used to refer to the last card dealt in Hold'em, although the more common term for this is RIVER (q.v.).
- SUICIDE KING - King of Hearts. So named because in the drawing the king appears to be stabbing himself in the head.
- FISH - A player who loses money. An old saying is "If you can't spot the fish at the table, *you* are the fish.".
- ANTE - A small bet all players are required to make before a hand is dealt. Not all games have an ante. Related terms: BLIND, FORCED BET.
- HOYLE - Edmund Hoyle (1769-?) was the authoritative source for rules of card games. Hoyle is to card rules as Webster is to word definitions.
- DOYLE BRUNSON - In Hold'em, 10-2 in the hole. So named because Doyle Brunson won two straight WSOPs (q.v.) in 1975 and 1976 with 10-2 on the last hand. (Suited (spades) in 1975, unsuited in 1976).
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