Feds talk about assets from video poker case
Federal prosecutors are discussing the sharing of assets seized in a multimillion-dollar South Carolina video poker ring.
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Useful poker terms:
- EXPECTATION - The long-run [dis-]advantage of a given situation, specifically without reference to any particular outcome. I.e., what you figure to win [lose] on average after a large number of repetitions of the same situation.
- READ - To determine whether an opponent has a good, medium or bad hand by observing his personal behavior. An inexact science.
- BET - To put money into the pot, pursuant to the rules of the game, thus maintaining a chance of winning the pot.
- MITES AND LICE - A hand consisting of two pair, threes over twos.
- RING GAME - A standard game where players can come and go as they choose. The opposite of TOURNAMENT.
- DEAD MONEY - Money contributed to the pot by players who have folded.
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