MECN study finds German poker market has great potential

The management consultants at MECN have just completed a new study analyzing developments in the German betting and lottery market following the Federal Constitutional Courts decision, the state treaty on gambling, and the ECJs decision in the Placanica case.

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Poker talk:

CHASE - To continue in a hand, often at poor odds, in the hopes of catching a much better hand. "He called, chasing the flush.".
DRAWING DEAD - A draw in which it is impossible to obtain a winning hand for any of a variety of reasons: an opponent's hand is better than whatever you are drawing to, the card(s) that make your hand are out of play, or (in Hold'em) give an opponent a stronger hand even if it makes yours. Frequently used in the past tense, since one rarely knows it at the time.
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.
STRING BET - An unethical and often illegal means of raising whereby a player puts a call-size stack of chips into the pot and, after observing the reactions of the players, then goes back to his stack and puts out more, thus raising.
TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
HIT - To make a hand or catch a card or cards that improves one's hand. "I hit a gut-shot draw on the river."

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