US Ban Continues to Affect Party Gaming Poker

July 10 - Party Poker admits that larger companies with an edge in the US market are partially responsible for the company’s latest poor financial performance.

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Thu, July 10th, 2008

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Poker glossary:

  • WALK - A pot won by the last blind when no one opens.
  • LATE POSITION - For a particular betting round, a player who does not have to act until most of the other players have acted.
  • 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).
  • RUNNER-RUNNER - A hand made using both of the last two cards dealt.
  • FOUR OF A KIND - A hand containing all four cards of the same rank.
  • BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
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