Poker Palace hit with $250,000 fine

A North Las Vegas casino has agreed to pay a $250,000 fine for allowing a group of alleged illegal bookmakers to lay off bets at the propertys race book. Representatives of the Poker Palace on Las Vegas Boulevard North did not dispute the action approved today by the Nevada Gaming Commission.

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Thu, May 21st, 2009

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Poker lexicon:

  • OPEN - Make the first bet in a hand, especially in draw poker.
  • CAP - To cap the betting is to make the last permitted raise in a round.
  • SHORT-STACKED - Playing with a only a small amount of money, thus limiting one's risk and reward.
  • LITTLE SLICK - In Hold'em, hole cards of A-2, suited or not.
  • WHEEL - A-2-3-4-5. Usually discussed in the context of lowball where it is the best possible hand. Can also refer to a 5-high straight in high games. Also: BICYCLE.
  • 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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