The Ultimate Poker Scam

Busted Rigged games and cheating players have landed the former operator of online poker site - Ultimate Bet - in deep trouble. That’s trouble with a capital T - to the tune of $75 million.

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Poker terminology:

LIVE BLIND - The last and largest blind bet may or may not be LIVE. If LIVE, the blind bettor has the option of "raising" his own blind in the event the bet is called around to him. This is normal, and is sometimes referred to as "blinds are live".
INSIDE STRAIGHT - Four cards to a straight, where only one rank will complete the hand. E.g., 4-5-6-8 is an inside straight since only a 7 will fill (i.e., complete) the hand. Often called a GUT-SHOT. Compare: BOBTAIL STRAIGHT, OPEN-ENDED STRAIGHT.
FIRE - To make the first bet in a betting round. Used to emphasize that the player bet when a check was possible, showing strength.
BET - To put money into the pot, pursuant to the rules of the game, thus maintaining a chance of winning the pot.
CASE - The fourth card of a particular rank, as in "he folded the case 9" when describing where all the 9s were in a hand. Comes from the game of Faro where an employee of the house, called the "case keeper". kept track of the number of each rank of card remaining.
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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