Isle of Man Proposal Seeks to Streamline Gambling Regulations
A concept for new legislation supported by the Treasury Department of the Isle of Man, home to several online gambling companies, seeks to streamline existing gambling laws and put into place a regulatory and supervisory framework…
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Poker glossary:
- ANTE - A small bet all players are required to make before a hand is dealt. Not all games have an ante. Related terms: BLIND, FORCED BET.
- EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
- EVEN-MONEY - A bet that pays off exactly the amount wagered. E.g., "Double or nothing" is an even-money bet.
- STEAM - Playing wildly, calling and raising a lot, because one is upset. Compare: ON TILT.
- CHECK RAISE - To check initially, then raise a bet made later on in the same betting round. Frequently a sign of strength, but may be a bluff.
- SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
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