Online Poker Player Wins Battle Against Tax Man

November 19 - A Swedish judge has ruled that since the Isle of Man is an EU member, the player does not have to pay taxes on his poker winnings.

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Tue, November 18th, 2008

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Poker terminology:

  • LOCK - A hand that cannot be beat under any circumstances. Also: NUTS.
  • MARKED CARDS - Cards that have been (illegally) altered so that their value can be read from the back.
  • BIG BLIND - A blind bet, usually a raise of an earlier blind which would be called the SMALL BLIND. In limit poker, the BIG BLIND is usually the size of the minimum bet on the first round of betting.
  • TOURNAMENT - A highly structured game involving potentially dozens of tables where all participants pay an entry fee and obtain a fixed number of chips. Once a tournament has started, additional players may not enter. As the game progresses players bust out and are eliminated until only one winner remains.
  • UNDER THE GUN - The position that has to act first in a round of betting.
  • ONE-EYED - The jack of hearts, jack of spades or king of diamonds. So named because the characters are drawn in profile, thus showing only one eye.
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