Harrah’s Announces Plans for “All-Star” Tournament of Champions

Harrah’s Entertainment announced this morning that after a three-year hiatus, the Tournament of Champions will return to the World Series of Poker in a revamped, “all-star” format. A $1 million prize pool will be up for grabs at the 2010 WSOP and…

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Poker lingo:

SHOWDOWN - The point at the end of the hand where all active players reveal their cards and the pot is awarded to the winner(s).
SIDE POT - When an active player runs out of money during the course of a hand, the remaining players participate in a second or SIDE POT for the rest of the hand. Additional side pots are possible if several players run out of money at different points in a hand.
BAD-BEAT JACKPOT - In some cardrooms, a prize that is shared by the players in a game, when a very good hand (usually Aces full, or better) is beaten by a higher hand. Jackpots are usually financed by taking a drop ($1 is a common amount) from every pot. A typical division of the jackpot will give the losing hand 50 %, the winning hand 25 %, and the other players at the table share the remaining 25 % of the Jackpot.
SCOOP - To take all of a pot that is normally split, either by winning both halves outright or winning one half when no players qualify for the other half.
WIRED [PAIR] - A pair in the hole. In 5-card stud, a door card that pairs the hole card.
LAY ODDS - To give favorable odds to an opponent.

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