Poker Tax from Holland

The land of wooden shoes wants to kick up some tax revenue from online poker and other online gambling sites, and has levied a tax to that effect starting September 9. In addition to Dutch players paying a 40.85% tax on online winnings (which is the same if they won in a casino in Holland) if they win on a foreign poker site, they are still subject to the tax. An interesting debate came out of the tax decision: whether or not illegal poker games should be subject to the tax; the answer came back yes.

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Poker talk:

TOP PAIR - In flop games, having a hole card that matches the highest card on the board.
BICYCLE - The best possible low hand: A-2-3-4-5. More common term: WHEEL.
READ - To determine whether an opponent has a good, medium or bad hand by observing his personal behavior. An inexact science.
ROLLED UP - In seven-card stud, being dealt three of a kind in the first three cards.
FIFTH STREET - In stud poker, the fifth card to be dealt to each player. Sometimes used to refer to the last card dealt in Hold'em, although the more common term for this is RIVER (q.v.).
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.

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