Poker Room Bust Leads to Indictments
Last November a gambling ring was broken up when discovered operating out of the Borgata Hotel Casino & Spa poker room, and now the indictments have started to come. Two dozen of the group have been indicted with charges related to gambling; the ring supposedly processed more than sixty million dollars in sports betting. It appears that the Borgata was in no way connected with the ring or its operations, and in fact supposedly assisted with the sting operation to break up the ring…
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Poker jargon:
- 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.
- FOUR OF A KIND - A hand containing all four cards of the same rank.
- FOURTH STREET - In stud poker, the fourth card dealt to each player. Sometimes used to refer to the fourth community card dealt in Hold'em, although the more common term for this is TURN (q.v.).
- COMMUNITY CARDS - Cards that are available for every player to use in making a hand. Usually dealt face up somewhere in the middle of the table.
- 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.
- FORCED BET - In some stud games a player may be required to make a bet to start the action on the first card. This is similar conceptually to blinds and antes, but in this case is dependent on the cards shown rather than player position. Usually the weakest hand is forced to bet.
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