Internet Poker Fans Are Playing Politics at Party Conventions

Aug. 30 (Bloomberg) — U.S. poker players have anted up for another high-stakes game — lobbying.

STAKE - The amount of a player's BUY-IN, or the amount of money they are willing to play with in a given session. Compare: BANKROLL.
BUTTON - A distinctive token held by the player sitting in the theoretical dealer's position, when a house dealer is used. The button rotates around the table so that every player has an opportunity to be the last to act. Also, "THE BUTTON" can refer to the player who currently has the button. ("I was the button and called the blind".) Synonyms: BUCK, PUCK.
BURN - To discard the top card of the deck prior to dealing, usually done for every dealing round except the first. The theory being that if somehow the cards are marked (illegally) no one will know what card will next be dealt, only what card will be burned. This makes marked cards less of an advantage, hence tends to reduce cheating.
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).
GUT SHOT - A draw to an inside straight, as in 2-3-4-6.
IMPLIED ODDS - A refinement to POT ODDS which includes money not yet in the pot. Considers the potential extra bets and winnings made when a player forms a very good hand.

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