Online Poker Money Makes Banks Anxious
The online poker and gambling company PartyGaming is seeking to make things right with the US authorities, and as a result may be facing monetary and other penalties for accepting bets online. The threat of prosecution makes banks anxious about lending money to the company, as that money may end up getting tied up with the US courts, or disappearing. The company, once the largest of online poker companies, is now facing difficulties in making acquisitions without the power of banks behind it…
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Poker talk:
- 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.
- HIGH-LOW SPLIT - Forms of poker in which the pot is split between the best hand and best lowball hand.
- HOYLE - Edmund Hoyle (1769-?) was the authoritative source for rules of card games. Hoyle is to card rules as Webster is to word definitions.
- RING GAME - A standard game where players can come and go as they choose. The opposite of TOURNAMENT.
- MILES OF BAD ROAD - Three of a kind. Prefixed with a number, 3*<N>, to indicate 3 <N>s. Thus "24 miles of bad road" is 3 eights, etc. (This obviously doesn't work for face cards.)
- DOYLE BRUNSON - In Hold'em, 10-2 in the hole. So named because Doyle Brunson won two straight WSOPs (q.v.) in 1975 and 1976 with 10-2 on the last hand. (Suited (spades) in 1975, unsuited in 1976).
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