Poker-loving Yahoo chief not ready to fold in takeover fight
Playing poker was a regular escape for Yahoo Chief Executive Jerry Yang, before family life intervened. Now, he’s playing for survival in a much higher-stakes version of the game, in the wake of Microsoft Corp.’s unsolicited takeover bid.
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Poker argot:
- 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.)
- FULL HOUSE - A hand consisting of 3-of-a-kind and a (different) pair.
- FIXED LIMIT - A betting structure where the amount of each bet is a specific fixed quantity. Usually specified as A-B, where A is the amount to bet in the first few betting rounds and B (larger than A) is the amount bet in the later rounds. Related terms: FLAT LIMIT, NO LIMIT, POT LIMIT, SPREAD LIMIT.
- 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.
- SIXTH STREET - The sixth card dealt in 7-card stud.
- READ - To determine whether an opponent has a good, medium or bad hand by observing his personal behavior. An inexact science.
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