JK Harris Warns Poker Players and Sponsors of New Regulations
JK Harris & Company explains that the IRS is taking the confusion out of reporting poker tournament winnings for players and sponsors.
Related Poker News:
- Professional Poker Players Collusion
- New 18-year-old millionaire warns that most casual poker players shouldn’t go pro
- If you’re strangers, don’t ante up in Connecticut poker game, Blumenthal warns
- New 18-year-old millionaire warns casual poker players against going pro
- Phishers Up The Ante And Go After Online Poker Players
- Is Second Life Even worth Gambling In?
- Poker Tournament Coming to Little Rock
- EU Commissioner warns US on gambling ban
- Moxey warns of transfer poker
- New IRS Regulations for Poker Tournaments
- Mekhi Phifer Puts Poker in Party
- Attorney warns of freeing video poker ‘beast’ at hearing
Poker terminology:
- OVER - A term used in describing two pair or a full house. "Kings over tens" means two pair, kings and tens. "Jacks over", also "Jacks up" describes a hand that is two pair: Jacks with an unspecified lower pair. Also used to describe a full house, distinguishing the three of a kind from the pair. The hand J-J-J-A-A could be described as "Full house, Jacks over Aces".
- OPENER - The player who opens the betting, especially in draw poker. A hand may have no openers, in which case it is PASSED OUT, i.e., new hands are dealt.
- TOP PAIR - In flop games, having a hole card that matches the highest card on the board.
- ROYAL FLUSH - An ace-high straight flush, the best possible hand in regular poker.
- 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.
- EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
RSS feed
