WSOP Academy in Indiana

Caesars Indiana will soon play host to the latest WSOP Academy camp, where poker players pay to learn from the pros the right way to play at the world famous World Series of Poker. The event, which will take place at the Caesars Indiana on March 29th and March 30th, will have instruction by Paul Wasicka, the 2007 NBC National Heads Up Championship winner, as well as Joe Navarro, the former FBI agent now making a living teaching poker players how to read each other. Other instructors include Alex Outhred and Mark Seif.

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Casino poker language:

• 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.
• DEAD MONEY - Money contributed to the pot by players who have folded.
• RAKE - Money taken from each pot and given to the house in return for hosting the game. Usually a percentage of the pot (5%-10%) up to some maximum amount.
• BELLY BUSTER - An inside straight draw. Same as GUTSHOT.
• RING GAME - A standard game where players can come and go as they choose. The opposite of TOURNAMENT.
• IMPLIED ODDS - A refinement to POT ODDS which includes money not yet in the pot. Considers the potential extra bets and winnings made when a player forms a very good hand.