Poker Players and Oscar Winners

The Weekly Edition, an OCR Live! production in which Kate brings you the headlines for the past week, including a contentious arrest of poker players, a lawsuit filed against a bookie for one bettor’s losses, and prop bets at the Oscars.

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Mon, March 3rd, 2008

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Useful poker terms:

  • TO GO - The current betting level, as in "$20 to go" meaning every player must contribute $20 (total) or drop. A $10 raise would then make the pot "$30 to go".
  • SHORT-STACKED - Playing with a only a small amount of money, thus limiting one's risk and reward.
  • HIGH-LOW SPLIT - Forms of poker in which the pot is split between the best hand and best lowball hand.
  • POT ODDS - The amount of money in the pot divided by the amount of money you must bet in order to call. Often used to determine if a pot offers enough reward to play on the come.
  • FOLD - To decline to call a bet, thus dropping out of a hand.
  • BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
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