WPT World Championship, Day 3: Money Day
Wall Street brokers would be thrilled to invest $25,500 and cash out $46,410 three days later; it’s a fantastic rate of return. But this is Las Vegas, not Wall Street. Poker pros don’t play for a 82% return on their money…
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Poker lexicon:
- CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
- MANIAC - A player who bets, raises and reraises without regard to the quality of his hand. Most often found in flop games.
- WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.
- GOOD GAME - A game with players worse than you so that you can expect to win a lot of money.
- 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.
- SIDE POT - When an active player runs out of money during the course of a hand, the remaining players participate in a second or SIDE POT for the rest of the hand. Additional side pots are possible if several players run out of money at different points in a hand.
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