Poker Room Stiffs Players

At a time when the state of online poker is iffy in a number of countries, reports of poker rooms stiffing players and licensees is bad for business, but even worse would be these reports being swept under the rug. According to various online sources, Playsafe Holdings is being accused of withholding payments to four online poker players and two licensees. The company is a publicly traded online poker company and turnkey software provider from Norway that works with Point-Spreads.com, which reported in August of this year that they were having trouble getting payments, and according to recent statements by their COO that is still the case.

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Useful poker information:

STEAM - Playing wildly, calling and raising a lot, because one is upset. Compare: ON TILT.
POSITION - One's location in the betting sequence, relative to the players still in the hand. First position is first to act.
LIVE ONE - The best kind of opponent, a poor player with a lot of money to lose and in a hurry to lose it.
ASSAULT RIFLE - In Omaha, hole cards that are A-K-4-7 of any suit(s).
RAGS - Board cards that are small, not suited and not in sequence, e.g., 9-5-2. When "rags flop", it is unlikely that anyone has a good hand, except possibly the big blind in an unraised pot.
WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.

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