Jamie Gold Answers Online Poker Questions

Jamie Gold has helped raise $100 million for charity, from a position he has earned after winning the WSOP Championship. Jamie draws people to event because they love him, or don’t… People come to beat him too, but the bottom line is that he is able to help the charities he works with.

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Sun, November 2nd, 2008

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Poker dictionary:

  • 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.
  • QUALIFIER - A minimum standard that a hand must meet in order to win. Usually applied to the lowball side of a high-low split pot.
  • OUT - [1] A card that will improve your hand, often substantially. A hand with many OUTS is preferable to a hand with only 1 or 2. [2] Folded, ineligible to bet or win this hand. "I'm out" is often a synonym for "I fold".
  • LIVE [CARD] - In Stud, a card probably not held by other players.
  • BLUFF - To make a bet or raise with a poor hand, in hope that the remaining active player(s) will fold.
  • MITES AND LICE - A hand consisting of two pair, threes over twos.
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