Casino Poker Room Sports Betting Case Yields 24 Indictments

Two alleged leaders of a multimillion-dollar sports bookmaking ring that operated out of a Borgata Hotel Casino & Spa poker room are among 24 people indicted by a state grand jury.

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Useful poker terms:

LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
FULL OF - Describes a full house. "Fives full of queens" is 5-5-5-Q-Q.
IMPLIED ODDS - A refinement to POT ODDS which includes money not yet in the pot. Considers the potential extra bets and winnings made when a player forms a very good hand.
BICYCLE - The best possible low hand: A-2-3-4-5. More common term: WHEEL.
OFFSUIT - Not of the same suit. "I held A-Q offsuit" or "The flop was 10-6-2 offsuit". When speaking of 5 or more cards, not all/ of the same suit, i.e., no flush, as in "button had A-K-10-8-7 offsuit."
RACE - In tournaments it is sometimes convenient to remove all lower-denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips.

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