Rep. Frank Introduces Internet Gambling Regulation, Consumer Protection, and Enforcement Act
As anticipated, Barney Frank (D-MA), Chair of the House Financial Services Committee, proposed new legislation on Wednesday designed to allow U.S.-based companies…
Related Poker News:
- Barney Frank Outlines New Online Poker Bill
- Markup Scheduled for Frank’s Internet Gambling Bill
- Internet Gambling Regulation and Tax Enforcement Act Hearing Soon
- Internet Gambling Regulation and Tax Enforcement Act Reintroduced
- Barney Frank Schedules Hearing to Discuss Internet Gambling Legislation
- Frank, Paul Advise Federal Agencies Not to Implement UIGEA Regs
- Markup Not Likely for McDermott’s Internet Gambling Regulation and Tax Enforcement Act
- US Congressman Barney Frank to the rescue
- Frank Reintroduces Payment Systems Protection Act
- Frank Bill Hearings Delayed Until September
- New Study Indicates U.S. Internet Gaming Regulation Would Add Jobs, Tax Revenue
- Barney Frank to Retire from Congress
Useful poker terms:
- ALL-IN - To have all of one's chips in the pot. A player who is all-in cannot be forced out of the pot by more betting, but is only eligible to win that portion of the pot he has contributed to. Generally, a SIDE POT is created each time a player is all-in.
- RACE - In tournaments it is sometimes convenient to remove all lower-denomination chips from play, as the remaining players' stacks tend to grow. Small chips are converted to larger chips and any odd chips are "raced off" in the following way: each player with odd chips places them in front of his stack and is dealt one card for each chip. Highest card (rank and suit) takes all the small chips and converts them to higher-denomination chips.
- RAKE - Money taken from each pot and given to the house in return for hosting the game. Usually a percentage of the pot (5%-10%) up to some maximum amount.
- FIXED LIMIT - A betting structure where the amount of each bet is a specific fixed quantity. Usually specified as A-B, where A is the amount to bet in the first few betting rounds and B (larger than A) is the amount bet in the later rounds. Related terms: FLAT LIMIT, NO LIMIT, POT LIMIT, SPREAD LIMIT.
- JOKER - A 53rd card in the deck, distinct from the others, used as a wild card or as a BUG.
- 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.
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