Poker Tax Debated in New Hampshire
Charities and non profit organizations have been on the winning side of poker tournaments in recent years across the United States, but some fear a proposed tax on Texas Holdem tournaments will change that fact. The concern comes from poker rooms in the state, and the Senate Ways and Means Committee will be taking a look at a bill that has been amended to include a ten percent tax on poker tourneys. There are concerns that this tax will keep players from coming to the race tracks, where many poker rooms are run.
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Poker dictionary:
- SIXTH STREET - The sixth card dealt in 7-card stud.
- TRIPS - Three of a kind. In Hold'em the term SET is used when two of the three cards are hole cards.
- STRAIGHT FLUSH - A hand consisting of 5 cards in sequence and the same suit.
- DEAD MONEY - Money contributed to the pot by players who have folded.
- 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.
- BET FOR VALUE - Betting a hand that, in the long run, is expected to win more than it loses. Antonym: BLUFF.
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