Poker News Bytes, March 12, 2008

Costa Rica has reached a settlement with the US regarding Costa Rica’s outstanding claim as an affected party in the WTO judgment received by Antigua and Barbuda against the US. Antigua’s WTO judgment ($21M annually) concerned access…

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Casino poker language:

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.
BACK DOOR - Applies to a hand that was made in the last card or two, specifically not a hand the player was originally planning on having. Most often applied to straights and flushes.
LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
FACE CARD - A jack, queen or king (a card with a face on it, not joker).
BLACK - When referring to chips, black usually stands for $100 casino chips. "This guy sits down with a stack of blacks and raises the first bet." Not ALL casinos use black for $100 but that is the common usage.
OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".

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