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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Useful poker terms:
- STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
- DEAD MAN'S HAND - Generically: two pair, aces and eights. Specifically: the black aces, black eights and nine of diamonds. The hand Wild Bill Hickok was holding when he was shot to death.
- HOLE CARDS - In Stud and Hold'em, the face-down cards dealt to each player.
- DECLARE - In high/low games, declaring one's hand as high or low or both ways (usually done with chips in hand). Usually played in home games; casinos tend to play CARDS SPEAK.
- 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.
- OPEN-HANDED - A category of games characterized by a part of each player's hand being exposed.
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