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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Poker lingo:
- SHILL - A card room employee who plays with House money, and does not share in any of his (her) winnings or losses. Shills are used to facilitate starting games, and keeping them going. Compare: PROP.
- POSSIBLE [STRAIGHT/FLUSH] - Up cards that quite possibly could lead to a straight and/or a flush.
- POT ODDS - The amount of money in the pot divided by the amount of money you must bet in order to call. Often used to determine if a pot offers enough reward to play on the come.
- ACTION - Money that is being bet. "NO ACTION" means a hand or game has few bettors and fewer raisers. "Gimme some action" is ostensibly a plea for calls and raises.
- FLUSH - A poker hand consisting of five cards all one suit.
- SUITED - Two or more cards all the same suit. Ant: OFF-SUIT.
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