That Poker Dude May 12

Im going to let you in on a little secret: For the past couple of months, Ive been glued to my TV on Sunday night watching The Celebrity Apprentice . And the reason was a simple one: to see how poker pro Annie Duke fared against the other celebs, in a fake competition to get a fake job, from a guy with fake hair.

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Poker talk:

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.
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.
DECLARE - In high/low games, declaring one's hand as high or low or both ways (usually done with chips in hand). Usually played in home games; casinos tend to play CARDS SPEAK.
LOCK - A hand that cannot be beat under any circumstances. Also: NUTS.
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.
IN - Still eligible to win the pot. "I'm in" is often spoken as one adds chips to the pot, calling.

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