Bots are Used to Launder Money in Online Casinos

In the post UIGEA age, the ways in which criminals are trying to get the upper hand, illegally, in the online casinos is increasing. Their newest weapon comes in the form of (ro)bots. These bots are used increasingly for various forms of fraud, including money laundering.

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Thu, September 6th, 2007

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Poker argot:

  • S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
  • TELL - Any personal mannerisms that reveal the quality of one's hand. E.g., constantly looking at one's hole cards is often a tell of a poor hand. (Some players, knowing this, will at times check their hole cards when they have a great hand and don't need to look.)
  • FREEROLL - [1] A poker tournament that does not charge a buy-in fee; players must earn buy-in credits through previous play at the same establishment. [2] Having a lock on part of a pot (sure to win a greater fraction of the pot than one is betting) and playing to win more or all of it.
  • FAVORITE - Before all the cards are dealt, a hand that figures to be the winner. Ant: UNDERDOG.
  • FULL HOUSE - A hand consisting of 3-of-a-kind and a (different) pair.
  • BELLY BUSTER - An inside straight draw. Same as GUTSHOT.
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