Silicon chips in hot poker

POKER champion Phil Laak has a good chance of winning when he sits today to play 2000 hands of Texas Hold’em - against a computer.

FIXED LIMIT - A betting structure where the amount of each bet is a specific fixed quantity. Usually specified as A-B, where A is the amount to bet in the first few betting rounds and B (larger than A) is the amount bet in the later rounds. Related terms: FLAT LIMIT, NO LIMIT, POT LIMIT, SPREAD LIMIT.
STAND OFF - To call a raise. "Opener raises, I stand off".
RAGS - Board cards that are small, not suited and not in sequence, e.g., 9-5-2. When "rags flop", it is unlikely that anyone has a good hand, except possibly the big blind in an unraised pot.
ON TILT - Playing worse (usually, more aggressively) than usual because a player has become emotionally upset.
REBUY - [1] To purchase additional chips after an initial buy-in, usually after losing most or all of the previous buy-in. This term is most often used in certain tournaments where if one loses all one's chips, or falls below a certain minimum chip level, for an additional sum of money one can purchase a fixed amount of additional tournament chips. Usually there is a time limit (The "REBUY PERIOD") as to how long rebuys are allowed. [2] The additional chips "rebought" in tournament play.
COMMUNITY CARDS - Cards that are available for every player to use in making a hand. Usually dealt face up somewhere in the middle of the table.

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