Paddy Power Poker’s New Years Freeroll

Going under the interesting name of “Santa’s Bulging Sack” is the latest offering from online poker room Paddy Power Poker, a $30k freeroll that will run on the first day of the new year. The event, which can be entered by playing in two $5 rebuy events running from December 21 to December 31, will be paying out top prizes to top players. 1st prize is a buy in to the 2008 Irish Open Main Event worth €4,500, 2nd prize is a buy in to the Irish Open No Limit Holdem Freezeout event plus expenses worth €2,000, and all the way down to iPods for finishers from 9th through 15th.

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Poker lingo:

OPEN - Make the first bet in a hand, especially in draw poker.
PAT - Holding or being dealt a pat hand. "I'm pat" would mean "I don't want to draw any cards.
LAY ODDS - To give favorable odds to an opponent.
RACE - In tournaments it is sometimes convenient to remove all lower-denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips.
STUCK - Down a nontrivial amount of money, as in "he's stuck $800".
LEAK - To show one's hole cards (often unknowingly).

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