Ex-Poker Club Owner Is Fined Over `Game of Chance’
March 29 (Bloomberg) — The former co-owner of a private London poker club was fined 10,000 pounds ($19,500) today after a jury found him guilty of profiting from a game of chance in violation of…
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Poker dictionary:
- RAISE - To wager more than the minimum required to call, forcing other players to put in more money as well.
- ON THE COME - A situation where the player does not have a complete hand but hopes to make one if the right cards come up.
- RACE - In tournaments it is sometimes convenient to remove all lower-denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips.
- REPRESENT - Implying, by one's betting style, that one has a particular hand.
- BACK DOOR - Applies to a hand that was made in the last card or two, specifically not a hand the player was originally planning on having. Most often applied to straights and flushes.
- POSITION - One's location in the betting sequence, relative to the players still in the hand. First position is first to act.
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