Twinspires Offers Derby, Poker Contest

Edited Press Release TwinSpires.com, the official advance deposit wagering service for Churchill Downs Incorporated, is teaming with 11-time World Series of Poker champion Phil Hellmuth Jr. to deliver the Ultimate Kentucky Derby Players Weekend, it was announced March 27.

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Thu, March 27th, 2008

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Poker lingo:

  • MITES AND LICE - A hand consisting of two pair, threes over twos.
  • 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.
  • 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.
  • PASSED OUT. - A hand in which nobody opens. What happens next is a function of the game being played.
  • OPENER - The player who opens the betting, especially in draw poker. A hand may have no openers, in which case it is PASSED OUT, i.e., new hands are dealt.
  • HOOK - A Jack. So named because the "J" resembles a hook.
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