Poker Software Company Bought Out

The company that created the Poker Ladder software will be purchased by Gaming Ventures Plc for an undisclosed sum. The company, along with the software, has entered into a purchase agreement with Gaming Ventures, which will put the marketing software in their hands. The software is used to ramp up gaming revenues thanks to the poker ladders it displays, displaying poker players on the ladder and showing how they are doing based on the specific game involved…

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Poker jargon:

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.
FLAT LIMIT - A variant of fixed limit where all bets are the same amount.
ROLLED UP - In seven-card stud, being dealt three of a kind in the first three cards.
FIRE - To make the first bet in a betting round. Used to emphasize that the player bet when a check was possible, showing strength.
OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
SEAT POSITION - The actual seat a player has, normally numbered sequentially starting with 1 as the first seat to dealer's left. Not to be confused with POSITION in a particular pot. Typically unrelated to play of a hand but often important in peripheral aspects, e.g.: "Seats 1 and 10 are nonsmoking here", "Seat 5 has a good view of the table", "Seat 3 is in a high-traffic area".

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