Man’s luck runs out at poker tourney

Jerry Schrader’s luck ran out on Saturday. Schrader was eliminated early from the Mansionpoker.net Poker Dome Challenge finals for $1 million in Las Vegas.

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Mon, March 19th, 2007

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Poker jargon:

  • SPREAD LIMIT - A variation on fixed limit wherein the minimum and maximum bets are different. A 1-4-8 game allows bets from 1 to 4 in the early rounds and 1-8 in the last round. A 1-4-8-16 game allows bets from 1 to 4 in the early rounds, 1 to 8 in the next-to-last round, and 1 to 16 in the last round.
  • 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.
  • LATE BLIND - In addition to "regular" blinds, some games allow a player (particularly a new one) to post a blind bet in return for the right to enter the game immediately and act last on the first betting round. The amount of the blind is determined by house rules, usually somewhere between the last blind and double the last blind. It is frequently a LIVE BLIND.
  • PASSED OUT. - A hand in which nobody opens. What happens next is a function of the game being played.
  • SHARK - A good/crafty player often posing as a fish early in the game.
  • BELLY BUSTER - An inside straight draw. Same as GUTSHOT.
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