Aussie Millions: Main Event Day 2

Day 2 of the 2010 Aussie Millions Main Event is in the books. The remaining players from all three Day 1 flights met in the same room for the first time today. Play was split between the Crown Poker Room and Studio 3, where film crews have been…

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Wed, January 27th, 2010

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Poker talk:

  • POT LIMIT - A game where the maximum bet is determined by the size of the pot at the time. Note that a player wanting to raise first calls the bet, then totals the pot to determine the maximum amount he can raise.
  • 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.
  • 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.
  • CALLER - One who calls. Sometimes used collectively, as in "3 callers".
  • FISH - A player who loses money. An old saying is "If you can't spot the fish at the table, *you* are the fish.".
  • STRAIGHT - A hand consisting of 5 cards in sequence but not in suit.
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