Poker ace plays in World Series

Steve Austin has never read a book of poker tips and doesn’t believe in luck. But after a six-month winning streak playing in a friend’s garage, he decided to continue.

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Mon, August 4th, 2008

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Useful poker information:

  • PROP - Also PROPOSITION PLAYER. An employee of the gaming establishment whose primary purpose is to keep enough players at a table to prevent breaking up the game for lack of players. Unlike SHILLs "props" make a small hourly wage but play with their own money, winning or losing based on their skill.
  • OPEN - Make the first bet in a hand, especially in draw poker.
  • EDGE - An advantage over an opponent, either specific or subjective.
  • POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
  • WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.
  • FLAT LIMIT - A variant of fixed limit where all bets are the same amount.
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