Aussie Millions Flashback: The Early Years
With the 2009 Aussie Millions just around the corner, PokerNews is taking a look back at some of the Aussie Millions past, explaining how it grew from a modest AUD $74,000 event to the preeminent AUD $7,800,000 tournament…
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Poker glossary:
- DOYLE BRUNSON - In Hold'em, 10-2 in the hole. So named because Doyle Brunson won two straight WSOPs (q.v.) in 1975 and 1976 with 10-2 on the last hand. (Suited (spades) in 1975, unsuited in 1976).
- LIVE ONE - The best kind of opponent, a poor player with a lot of money to lose and in a hurry to lose it.
- RAISE - To wager more than the minimum required to call, forcing other players to put in more money as well.
- EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
- TOKE - Gambling term for "tip", as in "Toke the cocktail waitress". Comes from the term "Token of appreciation".
- 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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