IRS after poker winnings
Posted: Friday, October 19, 2007 at 10:10 a.m. WASHINGTON (AP) — They’re not bluffing: Tax collectors will start requiring poker tournaments to report the winners’ take.
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Poker slang:
- OPEN-ENDED STRAIGHT - Four cards to a straight which can be completed by drawing a card at either end. E.g., 6-7-8-9 is an open-ended straight. Also: BOBTAIL STRAIGHT. Compare: INSIDE STRAIGHT.
- STRAIGHT FLUSH - A hand consisting of 5 cards in sequence and the same suit.
- SHORT-STACKED - Playing with a only a small amount of money, thus limiting one's risk and reward.
- WHEEL - A-2-3-4-5. Usually discussed in the context of lowball where it is the best possible hand. Can also refer to a 5-high straight in high games. Also: BICYCLE.
- AMERICAN AIRLINES - In Hold'em, a pair of Aces in the hole. Better known (at least in rec.gambling) as POCKET ROCKETS.
- FIRE - To make the first bet in a betting round. Used to emphasize that the player bet when a check was possible, showing strength.
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