Poker Room Profits Down
In their report to shareholders last week UK based betting outfit Ladbrokes announced that the profits from their online poker room, Ladbrokes Poker, were down. This interim six month report outlined how the net revenue from poker has dropped by 15%, the average stake per player coming down from £160 to £144. This puts the total revenue at £15.7 million, down from £18.4 million…
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Useful poker terms:
- FULL HOUSE - A hand consisting of 3-of-a-kind and a (different) pair.
- LOWBALL - Generic term for poker where the lowest hand wins.
- IN - Still eligible to win the pot. "I'm in" is often spoken as one adds chips to the pot, calling.
- BUTTON CHARGE - A periodic fee paid by whoever is the button, perhaps every 20 minutes or 30 minutes. Constitutes part or all of the HOUSE CUT.
- OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
- BLACK - When referring to chips, black usually stands for $100 casino chips. "This guy sits down with a stack of blacks and raises the first bet." Not ALL casinos use black for $100 but that is the common usage.
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