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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Poker lingo:
- 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.
- SPLIT [THE POT] - To split the pot between two or more players. Related term: QUARTER.
- BET FOR VALUE - Betting a hand that, in the long run, is expected to win more than it loses. Antonym: BLUFF.
- 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.)
- POT - The total amount of money bet so far in a hand.
- PAY OFF - Calling a bet with little expectation of winning, unless the opponent is bluffing.
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