Insider trading allegations play out in court with a ‘poker’ email exchange

The ivy-covered Old High Court building tucked away at the back of the Victorian Supreme Court has seen some big cases in recent months, but the insider trading allegations to be aired this morning may be the most titillating of all.

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Casino poker language:

OMAHA - A variant of Hold'em where each player receives 4 hole cards and must use exactly two of them (together with 3 of 5 board cards) to make a hand. Often played high-low split with an 8 qualifier for low.
IN - Still eligible to win the pot. "I'm in" is often spoken as one adds chips to the pot, calling.
WORLD SERIES OF POKER - A series of several different poker games with relatively large buy-ins, culminating in a $10,000 buy-in no-limit Hold'em tournament, the winner of which is crowned the World Poker Champion. Sponsored by Binion's Horseshoe Club in Las Vegas.
BUTTON CHARGE - A periodic fee paid by whoever is the button, perhaps every 20 minutes or 30 minutes. Constitutes part or all of the HOUSE CUT.
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.
ON THE COME - A situation where the player does not have a complete hand but hopes to make one if the right cards come up.

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