WPT Event Won by Lee Markholt

A final table that sported players like Phil Ivey, Michael Mizrachi and David Pham could be one of the toughest poker tournamets around, and that was just what Lee Markholt faced when he played in the World Poker Challenge, a World Poker Tour event. Lee managed not only to avoid elimination by this tough table of pros, but went on to win the whole event. He beat out 260 players to win, and managed a first place cash prize of $493,000…

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Sun, March 30th, 2008

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Poker terminology:

  • POSITION - One's location in the betting sequence, relative to the players still in the hand. First position is first to act.
  • FLOP - [1] In Hold'em, the first three community cards, dealt simultaneously. [2] To deal a flop, or to make a hand on a flop. "I flopped trips".
  • RUNNER-RUNNER - A hand made using both of the last two cards dealt.
  • MANIAC - A player who bets, raises and reraises without regard to the quality of his hand. Most often found in flop games.
  • TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
  • ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
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