60 Minutes Looks at Poker Scandal

When the news broke about the online poker scandal at Absolute Poker, it quickly spread across the Internet. It takes longer to produce a news special than it does to pop something on a blog, but it looks like the story has reached the big time with 60 Minutes. The news show is looking at airing the story as part of a special segment about online poker: this is according to the blog of Nat Arem, one of the bloggers who uncovered the AP scandal in the first place, who was interviewed by 60 Minutes’ Steve Kroft.

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Poker lingo:

COMPUTER HAND - Texas Hold'em hole cards of Q-7 offsuit. More generically, any hand that computer analysis/simulation determines is positive but turns out to be difficult to play in practice.
TRIP - Three of a specific kind, as in "Trip sixes".
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.
OPENERS - Cards in a hand that qualify a player to open the betting.
WIRED [PAIR] - A pair in the hole. In 5-card stud, a door card that pairs the hole card.
REPRESENT - Implying, by one's betting style, that one has a particular hand.

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